Each day Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; Extra…
Outlook in USD/JPY is unchanged and intraday bias stays mildly on the upside for additional rally. Nonetheless, contemplating bearish divergence situation in 4H MACD, robust resistance ought to be seen from 155.20 fibonacci stage to convey correction on first try. On the draw back, break of 153.58 help will flip bias to the draw back, for deeper pull again to 55 D EMA (now at 151.11).
Within the larger image, present rise from 140.25 is seen because the third leg of the up development 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.
