Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… USD/JPY’s decline from 151.89 resumed by breaking through 141.59 support. Intraday bias is back on the downside. Further fall should be seen to next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday bias neutral first. But recovery should be limited
USDJPY Outlook
Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral, and outlook stays bearish with 147.14 support turned resistance intact. On the downside, break of 144.72 minor support will suggest that rebound from 141.59 has completed at 146.58. Intraday bias will then be back on the downside for retesting 141.59
Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral at this point. Outlook also stays bearish with 147.14 support turned resistance holds. On the downside, 144.72 minor support will suggest that rebound from 141.59 has completed at 146.58. Intraday bias will then be back on the downside for retesting
Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More… Intraday bias in USD/JPY stays neutral for the moment. On the downside, firm break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59
Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59 low. Overall
Daily Pivots: (S1) 143.18; (P) 144.20; (R1) 145.89; More… While USD/JPY’s rebound from 141.59 is strong, outlook is unchanged for the moment. Upside should be limited be 147.14 support turned resistance. On the downside, below 144.80 minor support will turn bias to the downside for retesting 141.59. Break of 141.59 and sustained trading below 142.45
Daily Pivots: (S1) 143.18; (P) 144.20; (R1) 145.89; More… USD/JPY’s recovery from 141.59 continues today, and further rally could be seen. But upside should be limited below 147.14 support turned resistance. On the downside, below 143.75 minor support will turn bias to the downside for retesting 141.59. Break of 141.59 and sustained trading below 142.45