Daily Pivots: (S1) 129.58; (P) 130.08; (R1) 130.94; More… USD/JPY is still struggling in sideway trading and intraday bias remains neutral. On the downside, break of 127.20 will resume the whole decline from 151.93 and target 121.43 fibonacci level. Nevertheless, on the upside, break of 131.56 resistance should confirm short term bottoming, and turn bias […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.