Each day Pivots: (S1) 147.71; (P) 148.03; (R1) 148.44; Extra…
No change in USD/JPY’s outlook as consolidation from 148.79 remains to be extending. Deeper retreat can’t be dominated out, however additional rally is predicted so long as 145.97 resistance turned assist holds. Corrective fall from 151.89 ought to have accomplished at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 key resistance zone.
Within the larger image, stronger than anticipated rebound from 140.25 dampened the unique bearish assessment. Robust assist from 55 W EMA (now at 141.89) can also be a medium time period bullish signal. Fall from 151.89 might be a correction to rise from 127.20 solely. Decisive break of 151.89/93 will verify resumption of long run up pattern. This may now be the favored case so long as 140.25 assist holds.
