Day by day Pivots: (S1) 155.32; (P) 155.53; (R1) 155.87; Extra…
Intraday bias in USD/JPY stays on the upside for 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Some resistance might be seen there to convey retreat. However additional rally is predicted so long as 154.77 resistance turned help holds. Sustained break of 157.09 will goal 138.2% projection at 161.14 subsequent.
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 100% projection of 127.20 to 151.89 from 140.25 at 164.94. Outlook will stay bullish so long as 150.87 resistance turned help holds, even in case of deep pullback.
