USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 133.55; (P) 134.00; (R1) 134.40; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside. Rise from 127.20 short term bottom should target 38.2% retracement of 151.93 to 127.20 at 136.64. Strong resistance could be seen there to complete the corrective rise. On the downside, break of 133.59 […] The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
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