Each day Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; Extra…
Intraday bias in USD/JPY stays on the draw back at this level. Present fall from 151.89 is in progress for subsequent fibonacci degree at 136.63. On the upside, above 142.91 minor resistance will flip intraday bias impartial first. However restoration must be restricted nicely beneath 146.58 resistance to carry one other decline.
Within the larger image, present fall from 151.89 is seen because the third leg of the corrective sample from 151.93 (2022 excessive). Deeper decline could be seen to 61.8% retracement of 127.20 to 151.89 at 136.63, sustained break there’ll pave the way in which to 127.20 help (2022 low). This can now stay the favored so long as 146.58 resistance holds.
