Day by day Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; Extra…
USD/JPY rebounded strongly after temporary dip to 149.20 and intraday stays impartial for now. On the upside, decisive break of 150.87 will resume entire rally from 140.25 to retest 151.89/93 key resistance zone. Then again, contemplating bearish divergence situation in 4H MACD, agency break of 149.20 will affirm quick time period topping at 150.87. Deeper fall could be seen to channel help (now at 148.29), whilst a corrective transfer.
Within the greater image, rise from 140.25 is seen as resuming the development from 127.20 (2023 low). Decisive break of 151.89/.93 resistance zone will affirm this bullish case and goal 61.8% projection of 127.20 to 151.89 from 140.25 at 155.50. Nevertheless, break of 148.79 resistance turned help will delay this bullish case, and lengthen the corrective sample from 151.89 with one other falling leg.
