Every day Pivots: (S1) 153.34; (P) 153.89; (R1) 154.83; Extra…
USD/JPY’s rally continues to be in progress and intraday bias stays on the upside. Present up pattern ought to goal 155.20 fibonacci projection degree subsequent. On the draw back, beneath 154.12 minor assist 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 assist holds, even in case of deep pullback.
