Every day Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; Extra…
Intraday bias in USD/JPY is turned impartial with present retreat. Contemplating bearish divergence situation in 4H MACD, in case of one other rise, upside needs to be restricted by 155.20 fibonacci projection degree. On the draw back, break of 153.89 minor help will flip bias again to the draw back for 55 4H EMA (now at 153.33) and probably beneath.
Within the greater 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 help holds, even in case of deep pullback.
