USD/JPY extended the consolidation pattern from 162.83 with another falling leg last week. Overall outlook is unchanged and initial bias remains neutral first. While deeper decline cannot be ruled out, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. On the upside, above 161.63 minor resistance will turn intraday bias neutral. […]The post USD/JPY Weekly Outlook appeared first on ActionForex.