Every day Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; Extra…
Intraday bias in USD/JPY stays on the upside at this level. Present up development ought to goal 155.20 fibonacci projection stage subsequent. On the draw back, beneath 153.89 minor assist will flip intraday bias impartial and convey consolidations once more, earlier than staging one other rally.
Within the larger image, present rise from 140.25 is seen because the third leg of the up development 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.
