USDJPY bounced on Wednesday, gaining 0.7% in Asian / European trading as immediate threats of stronger escalation of the war in Ukraine started to fade, while Trump trade continues to underpin dollar. Fresh rally retraced almost 76.4% of shallow pullback (156.74/153.28), signaling that correction from new multi-month peak (156.74) might be over). The notion is […]
The post USD/JPY Outlook: Larger Bulls Returning to Play After Shallow Correction appeared first on Action Forex.
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Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… Intraday bias in USD/JPY remains mildly on the upside for retesting 156.74. Firm break there will resume the whole rally from 139.57 towards 161.94 high. On Read more…
Daily Pivots: (S1) 0.8789; (P) 0.8836; (R1) 0.8870; More… USD/CHF is staying in consolidations below 0.8916 and intraday bias remains neutral. Further rally is expected as long as 0.8773 resistance turned support holds. On the Read more…