Each day Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; Extra…
Intraday bias in USD/JPY is turned impartial with lack of momentum as seen in 4H MACD. Some consolidations could possibly be seen, however additional rally is anticipated so long as 145.97 resistance turned help holds. Above 148.79 will resume the entire rise from 140.25 to 151.89/93 key resistance zone.
Within the greater image, stronger than anticipated rebound from 140.25 dampened the unique bearish assessment. Sturdy help from 55 W EMA (now at 141.89) can be a medium time period bullish signal. Fall from 151.89 could possibly be a correction to rise from 127.20 solely. Decisive break of 151.89/93 will verify resumption of long run up pattern. This can now be the favored case so long as 140.25 help holds.
