Each day Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; Extra…
USD/JPY continues to be extending the consolidation from 150.87 and intraday bias stays impartial. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. However, contemplating bearish divergence situation in 4H MACD, agency break of 149.20 will verify quick time period topping at 150.87. Deeper fall can be seen to channel help (now at 148.47), at the same time as a corrective transfer.
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. Nevertheless, break of 148.79 resistance turned help will delay this bullish case, and lengthen the corrective sample from 151.89 with one other falling leg.
