USD/JPY Daily Outlook – Action Forex


Each day Axes: (S1) 148.55; (P) 149.65; (R1) 150.37; more…

The bias throughout the day within the US greenback/JPY on the adverse aspect stays at this stage. The autumn is seen from 158.85 because the third station of the model of 161.94. A deeper lower to 61.8 % must be seen from 139.57 to 158.86 within the subsequent 146.32. On the higher aspect, the resistance that exceeds 150.72 will stop impartial resistance throughout the day and put together unification operations first, earlier than organizing one other lower.

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Within the largest picture, value actions are seen from 161.94 as an genuine sample of 102.58 (2021 low). Within the occasion of one other fall, robust assist from 38.2 % must be noticed from 102.58 to 161.94 at 139.26 to convey a restoration. Nevertheless, a sustainable break from 139.26 will open a deeper lower within the medium time period to 61.8 % in 125.25.

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2025-02-24 06:16:32

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