USD/JPY Mid-Day Outlook

4:40 AM No Comments

USD/JPY recovers after initial fall to 101.76. But with 102.98 minor resistance intact, intraday bias remains mildly on the downside for another decline. As noted before, the bearish divergence condition in daily MACD raises the change of medium term topping at 105.41. Deeper fall would be seen to 100.61 support



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