Intraday bias in USD/JPY is turned neutral first with current retreat. While another fall cannot be ruled out, strong support is still expected from (38.2% retracement of 139.87 to 163.97 at 154.76) bring rebound. Still, sustained break of 55 4H EMA (now at 160.74) is needed to indicate that fall from 163.97 has completed. Otherwise, […]The post USD/JPY Daily Outlook appeared first on ActionForex.