Each day Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; Extra…
Intraday bias in USD/JPY stays impartial for the second. Consolidation from 160.20 brief time period prime is extending. Robust assist might be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to convey restoration. However break of 160.20 will not be envisaged for now. Nevertheless, agency break of 154.95 will flip bias to the draw back for deeper correction to 55 D EMA (now at 152.00).
Within the larger image, present rise from 140.25 is seen because the third leg of the up pattern from 127.20 (2023 low). Subsequent goal is 100% projection of 127.20 to 151.89 from 140.25 at 164.94. Outlook will stay bullish so long as 150.87 resistance turned assist holds, even in case of deep pullback.
