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USD/JPY Weekly Outlook

Analytic Dave

May 11, 2025

USD/JPY edged higher last week as recovery from 139.87 resumed. Initial bias remains mildly on the upside this week for 38.2% retracement of 158.86 to 139.87 at 147.12. Rejection by 147.12 will retain near term bearishness. Break of 142.34 support will bring retest of 139.87. However, sustained break of 147.12 will indicate near term reversal, […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

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