Each day Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; Extra…
Intraday bias in USD/JPY stays on the upside at this level. Sustained buying and selling above 155.20 fibonacci degree will pave the way in which 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Contemplating bearish divergence situation in 4H MACD, break of 154.77 resistance turned help will flip bias again to the draw back for deeper pull again to 153.58 help first.
Within the greater 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. Agency there’ll goal 100% projection of 140.25 to 150.87 from 146.47 at 157.09., Outlook will stay bullish so long as 150.87 resistance turned help holds, even in case of deep pullback.
