USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.39; (P) 148.64; (R1) 149.08; More… USD/JPY dips lower today as consolidations continues below 149.17. Intraday bias stays neutral and further rally is expected as long as 55 D EMA (now at 145.86) holds. On the upside, break of 149.17 will target 100% projection of 139.87 to 148.64 from 142.66 at 151.43. […]
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