USD/JPY : Daily Analysis from Forex Instructor

[alisha_nabila]

Assalamualaikum everyone,

For you information, we are from FXCL Markets Ltd. and we would like to share our analysis for USD/JPY with our partner FX Instructor http://fxinstructor.com/en/ to you.

Hopefully with this daily analysis, it can help you in making the right decisions and also increase your profits in Forex trading.

Final words from us, good luck!

FXCL (Excellence In Trading)

https://ms.fxclearing.com/
https://www.facebook.com/FXCL.Malay/

 

[Helga FXCL]

USD/JPY Forecast. 4/04/2016

The USDJPY had a bearish momentum last week bottomed at 111.58 and hit 111.31 earlier today. The bias is bearish in nearest term testing 110.96 key support which is a good place to buy with a tight stop loss.

Immediate resistance is seen around 112.00. A clear break above that area could lead price to neutral zone in nearest term testing 112.50 area. Overall price is still trapped inside a range area as you can see on daily chart below and need a clear break from that range area to see clearer direction.

 

[Helga FXCL]

USDJPY Forecast. 6/4/2016

The USDJPY had a significant bearish momentum yesterday, broke below 110.96 key support as you can see on the daily chart below. The bias is bearish in nearest term testing 109.50 area.

Immediate resistance is seen around 110.96. A clear break and daily close back above that area could create a false breakout bullish scenario.

 

[alisha_nabila]

USDJPY Forecast. 7/4/2016

The USDJPY continued its bearish momentum yesterday and hit 109.15 earlier today.

The bias remains bearish in nearest term testing 108.50 area. Immediate resistance is seen around 110.00. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.

 

[alisha_nabila]

USDJPY Forecast. 8/4/2016

The USDJPY continued its bearish momentum yesterday bottomed at 107.66 but traded higher earlier today hit 108.83.

The bias remains bearish in nearest term testing 107.00 region. Immediate resistance is seen around 109.15/30. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 110.96

I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

 

[alisha_nabila]

USDJPY Forecast. 11/4/2016

The USDJPY had a significant bearish momentum last week broke below 110.96 key support, bottomed at 107.66. The bias remains bearish in nearest term testing 107.00 area.

However, note that price is now at the weekly EMA 200 located around 108.00, a potential strong support which need to be clearly broken to the downside to continue the bearish scenario.

Immediate resistance is seen around 108.75 followed by 109.10.

 

[alisha_nabila]

USDJPY Forecast. 12/4/2016

The USDJPY was indecisive yesterday. The bias remains bearish in nearest term testing 107.00 area. Like I said yesterday, note that price is now at the weekly EMA 200 located around 108.00, a potential strong support which in my opinion is not convincingly broken yet.

Also as you can see on my daily chart below, we have two Dojis after a bearish run which could be a sign of bearish exhaustion. Immediate resistance is seen around 108.50 followed by 109.10.

On the downside, a clear break and daily close below 107.00 could create further bearish scenario testing 105.00 region.

 

[alisha_nabila]

USDJPY Forecast. 13/4/2016

The USDJPY had a bullish momentum yesterday topped at 108.78. As you can see on my daily chart below, we have two consecutive Dojis followed by a bullish candle after a bearish trend, suggests a potential bullish pullback/reversal. The bias is bullish in nearest term testing 109.10.

A clear break and daily close above that area could trigger further bullish pressure testing 110.00 – 110.96 region. Immediate support is seen around 107.90.

A clear break below that area could lead price to neutral zone in nearest term but would give the bearish scenario another chance.

 

[alisha_nabila]

USDJPY Forecast. 15/4/2016

The USDJPY was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 110.00 – 110.96 area.

Immediate support is seen around 109.00. A clear break below that area could lead price to neutral zone in nearest term testing 108.50 area.

 

[alisha_nabila]

USDJPY Forecast. 18/4/2016

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The USDJPY was indecisive last week. Price attempted to push higher, slipped above 109.00 but closed back below 109.00 and gapped lower opened at 108.17 earlier today. This fact could create a false breakout bearish scenario. The bias is bearish in nearest term testing 107.50 area.

Immediate resistance is seen around 109.00. A clear break and daily close above that area could lead price to neutral zone in nearest term as direction would become unclear.