 Daily Pivots: S1 132.06; P 133.06; R1 134.42; More... Immediate focus remains on 134.49 resistance in USDJPY. Considering bullish convergence condition in 4 hour MACD, firm break of 134.49 should confirm short term bottoming. Bias will be turned back to the upside for 138.16 cluster resistance 38.2 retracement of 151.93 to 129.49 at 138.06. On ... The post USDJPY Mid-Day Outlook appeared first on Action Forex... 