USD/JPY’s strong break of 104.00 support last week confirms resumption of whole decline from 111.17. Initial bias stays on the downside this week. Next near term target is 161.8% projection of 106.10 to 104.02 from 105.34 at 101.97. On the upside, above 104.02 support turned resistance will turn intraday bias neutral first. But overall near
The post USD/JPY Weekly Outlook appeared first on Action Forex.
USD/JPY’s strong break of 104.00 support last week confirms resumption of whole decline from 111.17. Initial bias stays on the downside this week. Next near term target is 161.8% projection of 106.10 to 104.02 from 105.34 at 101.97. On the upside, above 104.02 support turned resistance will turn intraday bias neutral first. But overall near […]
The post USD/JPY Weekly Outlook appeared first on Action Forex.