Day by day Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; Extra…
Intraday bias in USD/JPY stays mildly on the upside as up pattern is extending. Nonetheless, contemplating bearish divergence situation in 4H MACD, sturdy resistance needs to be seen from 155.20 fibonacci stage to deliver correction on first try. On the draw back, break of 153.58 assist will flip bias to the draw back, for deeper pull again to 55 D EMA (now at 151.10).
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 assist holds, even in case of deep pullback.
