Each day Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; Extra…
Intraday bias in USD/JPY is again on the upside as USD/JPY’s up pattern resumed by 153.37 momentary high. Additional rally needs to be seen to 155.20 fibonacci projection stage subsequent. On the draw back, beneath 152.58 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 help holds, even in case of deep pullback.
