Day by day Pivots: (S1) 154.18; (P) 154.43; (R1) 154.90; Extra…
USD/JPY’s correction from 154.77 prolonged decrease to 153.58 however recovered simply forward of 55 4H EMA (now at 153.56). Intraday bias stays impartial first. On the upside, break of 154.77 will resume bigger up pattern. However contemplating divergence situation in 4H MACD upside ought to be restricted by 155.20 fibonacci projection degree. On the draw back, under 153.58 will flip bias to the draw back for deeper pullback.
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.
