Day by day Pivots: (S1) 148.35; (P) 148.91; (R1) 149.89; Extra…
Intraday bias in USD/JPY stays on the upside for the second. Present rise from 140.25 is in progress for retesting 151.89/93 key resistance zone. Decisive break there’ll verify resumption of bigger up pattern. On the draw back, beneath 147.62 minor help will flip intraday bias impartial first. However close to time period outlook will stay cautiously bullish so long as 145.88 help holds.
Within the greater image, fall from 151.89 is seen as a correction to the rally from 127.20, which could have accomplished at 140.25 already. Agency break of 151.89/93 resistance zone will verify up pattern resumption, and subsequent goal shall be 61.8% projection of 127.20 to 151.89 from 140.25 at 155.50. It will now stay the favored case so long as 140.25 help holds.
