Each day Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; Extra…
Rapid focus is now on 149.51 minor help in USD/JPY. Contemplating bearish divergence situation in 4H MACD, agency break of 149.51 ought to verify brief time period topping at 150.87. Intraday bias will then be again on the draw back for channel help (now at 148.20), at the same time as a corrective transfer. On the upside, although, break of 150.87 will resume the rally from 140.25 to retest 151.89/93 key resistance zone.
Within the greater image, rise from 140.25 is seen as resuming the pattern from 127.20 (2023 low). Decisive break of 151.89/.93 resistance zone will verify this bullish case and goal 61.8% projection of 127.20 to 151.89 from 140.25 at 155.50. Nonetheless, break of 148.79 resistance turned help will delay this bullish case, and prolong the corrective sample from 151.89 with one other falling leg.
