USD/JPY Daily Outlook
Daily Pivots: (S1) 76.40; (P) 76.85; (R1) 77.15; More.
Intraday bias in USD/JPY remains neutral for the moment and the choppy consolidation from 75.94 might extend further. Above 77.85 will bring stronger rebound. But after all, we’ll continue to stay bearish in USD/JPY as long as 80.23 resistance holds and expect more downside ahead. On the downside, below 76.55 will turn bias back to the downside for a retest on 75.94 low.
In the bigger picture, USD/JPY is still staying well inside the falling channel
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