USD/JPY Mid-Day Outlook

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Daily Pivots: (S1) 159.70; (P) 160.05; (R1) 160.65; More… Intraday bias in USD/JPY stays neutral for the moment. Some consolidations would be seen but further rally is still in favor. Above 160.45 will bring retest of 161.94 high. Nevertheless, considering bearish divergence condition in 4H MACD, sustained break of 55 4H EMA (now at 159.20) […]The post USD/JPY Mid-Day Outlook appeared first on ActionForex.