Scroll Top

USD/JPY Mid-Day Outlook


Day by day Pivots: (S1) 149.89; (P) 150.43; (R1) 151.02; Extra…

Outlook in USD/JPY is unchanged and intraday bias stays impartial. Value actions from 151.69 may nonetheless be seen as a consolidation sample solely. Nonetheless, agency break of 148.79 will point out rejection by 151.93 key resistance, and convey deeper fall via 147.28 help.

Within the larger image, quick focus is now on 151.93 resistance (2022 excessive). Rejection by 151.93, adopted by sustained break of 145.06 resistance turned help will argue that rise from 127.20 has accomplished, and switch outlook bearish for 137.22 help and under. Nonetheless, sustained break of 151.93 will verify resumption of long run up pattern. Subsequent goal shall be 61.8% projection of 102.58 to 151.93 from 127.20 at 157.69.

Featured Evaluation

Leave a comment