Every day Pivots: (S1) 153.93; (P) 154.30; (R1) 155.02; Extra…
Intraday bias in USD/JPY stays impartial and outlook is unchanged. On the upside, break of 154.77 will resume bigger up pattern. However contemplating bearish divergence situation in 4H MACD, robust resistance ought to be seen from 155.20 fibonacci degree to deliver correction on first try. On the draw back, break of 153.58 will flip bias to the draw back, for deeper pull again to 55 D EMA (now at 150.97).
Within the larger image, present rise from 140.25 is seen because the third leg of the up pattern from 127.20 (2023 low). Subsequent goal is 61.8% projection of 127.20 to 151.89 from 140.25 at 155.20. Outlook will stay bullish so long as 146.47 help holds, even in case of deep pullback.
