USD/JPY Daily Outlook – Action Forex


Day by day Axes: (S1) 149.49; (P) 150.24; (R1) 151.38; more…

The bias throughout the day within the US greenback/JPY stays impartial. The autumn is seen from 158.86 because the third leg of the corrective fashion of 161.94. A 148.55 different break will goal 61.8 % from 139.57 to 158.86 within the following 146.32. On the higher facet, nevertheless, the 150.92 break signifies the underside within the brief time period and brings a stronger restoration.

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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, sturdy assist from 38.2 % needs to be noticed from 102.58 to 161.94 at 139.26 to carry 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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2025-03-03 06:56:45

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