USD/JPY Weekly Outlook

USD/JPY rebounded to 105.67 last week but failed to break through 106.10 resistance. Subsequent break of 104.73 minor support suggest that it’s completed. Also, the pair is staying well inside falling channel, and below 55 day EMA, keeping near term outlook bearish. Intraday bias is now on the downside for retesting 103.17. On the upside,
The post USD/JPY Weekly Outlook appeared first on Action Forex.

USD/JPY rebounded to 105.67 last week but failed to break through 106.10 resistance. Subsequent break of 104.73 minor support suggest that it’s completed. Also, the pair is staying well inside falling channel, and below 55 day EMA, keeping near term outlook bearish. Intraday bias is now on the downside for retesting 103.17. On the upside, […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

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