USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.06; (P) 104.26; (R1) 104.45; More.. Intraday bias in USD/JPY remains on the upside at this point. Current development argues that whole down trend from 111.71 has completed, on bullish convergence condition in daily MACD. Further rally would be seen to 38.2% retracement of 111.71 to 102.58 at 106.06. On the downside,
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 104.06; (P) 104.26; (R1) 104.45; More.. Intraday bias in USD/JPY remains on the upside at this point. Current development argues that whole down trend from 111.71 has completed, on bullish convergence condition in daily MACD. Further rally would be seen to 38.2% retracement of 111.71 to 102.58 at 106.06. On the downside, […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

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