Every day Pivots: (S1) 148.21; (P) 149.18; (R1) 150.03; Extra…
Intraday bias in USD/JPY stays impartial first, and extra consolidations could possibly be seen under 150.15. However there isn’t a affirmation of bearish pattern reversal earlier than agency break of 144.43 help. One other rally stays mildly in favor by 150.15 to retest 151.93 excessive.
Within the greater image, whereas rise from 127.20 is robust, it might nonetheless be seen because the second leg of the corrective sample from 151.93 (2022 excessive). Rejection by 151.93, adopted by sustained break of 145.06 resistance turned help would be the first signal that the third leg of the sample has began. Nonetheless, sustained break of 151.93 will verify resumption of long run up pattern.
