USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 138.97; (P) 139.48; (R1) 140.19; More… For now, strong resistance is still expected by 55 4H EMA (now at 139.87) to complete the recovery from 137.22. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and target 127.20 and below. Nevertheless, sustained trading above […]

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