Day by day Pivots: (S1) 153.34; (P) 153.89; (R1) 154.83; Extra…
Intraday bias in USD/JPY stays on the upside for the second. Present up pattern is in progress for 155.20 fibonacci projection degree subsequent. On the draw back, under 153.37 minor assist will flip intraday bias impartial and convey consolidations once more, earlier than staging one other rally.
Within the greater image, present rise from 140.25 is seen because the third leg of the up pattern from 127.20 (2023 low). Subsequent goal is 61.8% projection of 127.20 to 151.89 from 140.25 at 155.20. Outlook will now stay bullish so long as 146.47 assist holds, even in case of deep pullback.
