USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.98; (P) 105.21; (R1) 105.49; More.. Focus is now on 106.21 resistance with today’s strong rally. Firm break there will resume rise from 102.58, to 61.8% retracement of 111.71 to 102.58 at 108.22. Rejection by 106.21 will bring more consolidations but further rally will remain in favor as long as 104.91 support
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 104.98; (P) 105.21; (R1) 105.49; More.. Focus is now on 106.21 resistance with today’s strong rally. Firm break there will resume rise from 102.58, to 61.8% retracement of 111.71 to 102.58 at 108.22. Rejection by 106.21 will bring more consolidations but further rally will remain in favor as long as 104.91 support […]

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

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