Daily Pivots: (S1) 150.68; (P) 151.46; (R1) 151.87; More… Intraday bias in GBP/JPY stays on the downside for the moment. Decline from 158.04, which is seen as the third leg of the consolidation pattern from 158.19, should target 148.94 support next. On the upside, break of 155.20 resistance is needed to indicate completion of the […]
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USD/JPY rose to 159.29 on Friday, marking one of the weakest levels for the Japanese yen since July 2024. The yen’s decline is heightening market concerns about possible intervention by authorities in the foreign exchange Read more…
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The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28, 2026 low remains in progress, unfolding as an impulsive structure. From that low, wave (1) concluded at 157.72, followed by Read more…