Each day Pivots: (S1) 150.39; (P) 150.61; (R1) 150.94; Extra…
USD/JPY retreats mildly forward of 150.87 resistance as consolidation continues. Intraday bias stays impartial and outlook is unchanged. In case of deeper retreat, draw back must be contained by 148.79 resistance turned assist to carry rebound. On the upside, break of 150.87 will resume 140.25 to 151.89/93 key resistance zone. Decisive break there’ll verify bigger up pattern resumption of 155.50 projection degree subsequent.
Within the larger image, rise from 140.25 is seen as resuming the pattern from 127.20 (2023 low). Decisive break of 151.89/.93 resistance zone will verify 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 assist will delay this bullish case, and prolong the corrective sample from 151.89 with one other falling leg.
