USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 137.99; (P) 138.57; (R1) 139.41; More… Strong resistance is expected from 55 4H EMA (now at 139.94) 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 55 4H EMA […]

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