USD/JPY Mid-Day Outlook

3:10 AM No Comments

Intraday bias in USD/JPY remains on the upside for the moment. Current rally would target 38.2% projection of 77.13 to 103.73 from 96.56 at 106.72 next. On the downside, in case of retreat, break of 102.49 support is still needed to indicate short term topping. Otherwise, outlook will stay bullish and further rally is expected



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