USD/JPY Mid-Day Outlook

USD/JPY Mid-Day Outlook

USD/JPY jumps further to as high as 83.02 in early US session and intraday bias remains on the upside for 83.96 resistance. As noted before, consolidation from 80.29 is still in progress with rise from 81.57 as another leg. Hence, strong resistance is expected at 83.96 to limit upside. On<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/XT_VyzI7RVQ" height="1" width="1"/>

Source: USD/JPY Mid-Day Outlook