Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s fall from 151.89 resumed by breaking through 146.22 today. Intraday bias is back on the downside for 145.06 key support. Decisive break there will carry larger bearish implication and target 142.45 fibonacci level next. On the upside, break of 147.49 minor resistance will turn intraday
USDJPY Outlook
Daily Pivots: (S1) 146.68; (P) 147.03; (R1) 147.51; More… Intraday bias in USD/JPY remains neutral as consolidation from 146.22 is extending. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to 145.06 key support level.
Daily Pivots: (S1) 146.68; (P) 147.03; (R1) 147.51; More… USD/JPY is still bounded in consolidation from 146.22 and intraday bias stays neutral for the moment. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to
Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY remains neutral for consolidation above 146.22 temporary top. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to 145.06 key support level.
Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY is turned neutral with current recovery, but further decline is expected with 148.50 resistance intact. Break of 146.22 will resume the fall from 151.89 to 145.06 key support level. In the bigger picture, rise from 127.20 (2023 low) is seen as the
Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY stays on the downside at this point. Fall from 151.89 is in progress and should target 145.06 key support level. On the upside, break of 148.50 resistance is needed to indicate short term bottoming. Otherwise, further decline with remain in favor in
Daily Pivots: (S1) 146.20; (P) 147.27; (R1) 147.88; More… Intraday bias in USD/JPY is back on the downside with break of 146.65 temporary low. Fall from 151.89 is in progress and should target 145.06 key support level. On the upside, break of 148.50 resistance is needed to indicate short term bottoming. Otherwise, further decline with