Day by day Pivots: (S1) 147.33; (P) 147.92; (R1) 148.75; Extra…
Intraday bias in USD/JPY stays on the upside, as rise from 140.25 is in progress. Subsequent goal is 151.89/93 key resistance zone subsequent. On the draw back, under 147.06 minor help will flip intraday bias impartial and convey consolidations first. However additional rally will stay in favor so long as 55 D EMA (now at 145.83) holds.
Within the greater image, stronger than anticipated rebound from 140.25 dampened the unique bearish evaluation. Robust help from 55 W EMA (now at 141.89) can be a medium time period bullish signal. Fall from 151.89 may very well be a correction to rise from 127.20 solely. Decisive break of 151.89/93 will verify resumption of long run up development. This may now be the favored case so long as 140.25 help holds.
