Day by day Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; Extra…
Intraday bias is mildly on the upside in USD/JPY with breach of 154.77 resistance. Bigger up pattern is extending. Nevertheless, contemplating bearish divergence situation in 4H MACD, robust resistance needs to be seen from 155.20 fibonacci degree to convey correction on first try. On the draw back, break of 153.58 assist will flip bias to the draw back, for deeper pull again to 55 D EMA (now at 151.10).
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 stay bullish so long as 146.47 assist holds, even in case of deep pullback.
