Day by day Pivots: (S1) 148.61; (P) 148.85; (R1) 149.27; Extra…
USD/JPY continues to lose upside momentum however there is no such thing as a signal of topping. Additional rise is in favor to 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. But, beware that Japan may intervene once more near 150 psychological stage. On the draw back, break of 146.43 minor help will point out brief time period topping and convey deeper pull again.
Within the greater image, up development from 101.18 continues 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).
