USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 134.87; (P) 135.69; (R1) 137.33; More… Intraday bias in USD/JPY remains on the upside with focus on 38.2% retracement of 151.93 to 127.20 at 136.64. Rejection by this fibonacci level, followed by break of 134.04 support, will argue that such rebound from 127.20 has completed, and turn bias back to the downside. […]

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