Day by day Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; Extra…
Intraday bias in USD/JPY stays impartial for the second. On the upside, decisive break of 150.87 will resume entire rally from 140.25 to retest 151.89/93 key resistance zone. However, contemplating bearish divergence situation in 4H MACD, agency break of 149.20 will affirm quick time period topping at 150.87. Deeper fall could be seen to channel help (now at 148.33), at the same time as a corrective transfer.
Within the larger 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 affirm this bullish case and goal 61.8% projection of 127.20 to 151.89 from 140.25 at 155.50. Nevertheless, 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.
