Every day Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; Extra…
USD/JPY’s rally accelerates right now and breaks via 155.20 fibonacci stage. There is no such thing as a signal of topping but. Intraday bias stays on the upside at this level. Sustained buying and selling above 155.20 will pave the best way 100% projection of 140.25 to 150.87 from 146.47 at 157.09. For now, break of 154.77 resistance turned assist is required to point quick time period toping. In any other case, outlook will keep bullish in case of retreat.
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 61.8% projection of 127.20 to 151.89 from 140.25 at 155.20. Agency there’ll goal 100% projection of 140.25 to 150.87 from 146.47 at 157.09., Outlook will stay bullish so long as 150.87 resistance turned assist holds, even in case of deep pullback.
