USD/JPY’s rebound from 155.22 lost momentum after hitting 55 4H EMA (now at 159.22). While another rise might still be seen, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of 163.97 to 155.22) to limit upside. On the downside, firm break of 158.58 will turn bias back to the downside […]The post USD/JPY Weekly Outlook appeared first on ActionForex.