Each day Pivots: (S1) 147.59; (P) 148.23; (R1) 149.39; Extra…
Intraday bias in USD/JPY stays on the upside for the second. Present up development would goal 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. Beware that Japan would possibly intervene once more there near 150 psychological degree. Nonetheless, break of 145.89 resistance turned help is required to verify brief time period topping. In any other case, outlook will stay bullish in case of retreat.
Within the greater image, up development from 101.18 remains to be in progress, as a part of the entire up development from 75.56 (2011 low). 147.68 (1998 excessive) was already met and there may be not clearly signal of topping but. In any case, break of 139.37 resistance turned help is required to be the primary signal of medium time period topping. In any other case, additional rise is in favor to subsequent goal at 160.16 (1990 excessive).
