Each day Pivots: (S1) 141.57; (P) 142.60; (R1) 143.14; Extra…
USD/JPY remains to be bounded in consolidation from 140.94 and intraday bias stays impartial. Additionally, outlook will stay bearish so long as 146.58 resistance holds. Agency break of 140.94 will resume the entire fall from 151.89. Subsequent goal will likely be subsequent fibonacci stage at 136.63.
Within the greater image, 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 best way to 127.20 help (2022 low). This may now stay the favored so long as 146.58 resistance holds.
