Daily Pivots: (S1) 159.79; (P) 160.14; (R1) 160.79; More… USD/JPY steep decline today suggests medium term topping at 160.71, on bearish divergence condition in D MACD. Deeper fall should be seen to 152.25 cluster support (38.2% retracement of 139.87 to 160.71 at 152.74). Strong support should emerge there to bring rebound, at least on first […]The post USD/JPY Mid-Day Outlook appeared first on ActionForex.