Each day Pivots: (S1) 149.51; (P) 149.72; (R1) 150.12; Extra…
No change in USD/JPY’s outlook as consolidation from 150.15 is extending. On the draw back, under 148.94 minor help will flip bias to the draw back for one more down leg in the direction of 147.28. On the upside, agency break of 150.15 will resume bigger up development to check 151.93 excessive.
Within the larger image, whereas rise from 127.20 is powerful, it may nonetheless be seen because the second leg of the corrective sample from 151.93 (2022 excessive). Rejection by 151.93, adopted by sustained break of 145.06 resistance turned help would be the first signal that the third leg of the sample has began. Nevertheless, sustained break of 151.93 will affirm resumption of long run up development.
