In the bigger picture, price action from 163.97 medium term top is seen as correcting the rise from 139.87. The first leg could have completed at 152.87, ahead of 152.25 structure support. Sustained break above 55 D EMA (now at 158.09) would pave the way back to retest 163.97 high. Nevertheless, strong resistance should be […]The post USD/JPY Daily Outlook appeared first on ActionForex.