USD/JPY : Daily Analysis from Forex Instructor

[alisha_nabila]

USDJPY Forecast. 27/4/2017

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The USDJPY attempted to push higher yesterday topped at 111.77 but whipsawed to the downside and closed lower at 111.04. The bias is neutral in nearest term but overall price is still in a bullish phase after broke above the trend line resistance targeting 112.20 area.

Immediate support is seen around 110.85. A clear break below that area could trigger further bearish pressure testing 110.10 region. Immediate resistance is seen around 111.77. A clear break above that area could trigger further bullish pressure testing 112.20 region.

 

[alisha_nabila]

USDJPY Forecast. 8/5/2017

The USDJPY had a bullish momentum last week topped at 113.04. The bias is bullish in nearest term. Price is still in a bullish phase but as you can see on my H4 chart below the pair is struggling around a trend line resistance which is a good place to sell with a tight stop loss above 113.05 as a clear break and daily close above that area would expose 114.00 or higher.

Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 area or lower.

 

[alisha_nabila]

USDJPY Forecast. 15/5/2017

The USDJPY attempted to push higher last week topped at 114.36 but closed lower at 113.34. The bias is neutral in nearest term probably with a little bearish bias testing 113.00 area which is a good place to buy with a tight stop loss targeting 115.00.

Immediate resistance is seen around 113.50. A clear break above that area could trigger further bullish pressure testing 114.00/35 area. Overall I still prefer a bullish scenario but a clear break and daily close back below 113.00 would activate my wait and see mode as direction would become unclear.

 

[alisha_nabila]

USDJPY Forecast. 17/5/2017

The USDJPY failed to continue its bullish momentum yesterday bottomed at 112.92 and hit 112.49 earlier today in Asian session. Price revisits the (violated) trend line resistance as you can see on my H4 chart below, which is a good place to buy with a tight stop loss below the EMA 200 (112.05) targeting 115.00 region.

Immediate resistance is seen around 113.12 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 113.50/80 area.

 

[alisha_nabila]

USDJPY Forecast. 18/5/2017

The USDJPY had a strong bearish momentum yesterday, bottomed at 110.78 and hit 110.51 earlier today in Asian session. Price fell back below the trend line resistance as you can see on my H4 chart below, suggests a false break out bearish scenario. The bias is bearish in nearest term testing 110.00 region. A clear break and daily close below that area would expose 108.13 region.

Immediate resistance is seen around 111.25. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 112.00 I prefer a bearish scenario at this phase.

 

[alisha_nabila]

USDJPY Forecast. 19/5/2017

The USDJPY failed to continue its bearish momentum yesterday. The bias is neutral in nearest term but as long as stay below 112.00 I still prefer a bearish scenario at this phase targeting 110.00 – 108.13 area.

Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.50/00 area. On the upside, a clear break back above 112.00 would activate my wait and see mode as direction would become unclear.

 

[alisha_nabila]

USDJPY Forecast. 22/5/2017

The USDJPY had a bearish momentum last week bottomed at 110.23 but closed higher at 111.25 and hit 111.60 earlier today in Asian session. The bias is bullish in nearest term testing 112.00 and the trend line resistance as you can see on my H4 chart below, which is a good place to sell targeting 108.13 area with a tight stop loss above the trend line resistance. Immediate support is seen around 111.00. A clear break below that area could lead price to neutral zone in nearest term testing 110.50 or lower.

On the upside, a clear break back above the trend line resistance would activate my wait and see mode as direction would become unclear.

 

[alisha_nabila]

USDJPY Forecast. 26/7/2017

The USDJPY had a bullish momentum yesterday topped at 111.95 and hit 112.08 earlier today in Asian session. The bullish pin bar we showed you yesterday gave us a valid bullish signal. The bias is bullish in nearest term testing 112.75. Immediate support is seen around 111.45. A clear break below that area could lead price to neutral zone in nearest term testing 111.00 – 110.60 area.

On the upside, a clear break and daily close above 112.75 would expose 113.50 but key resistance remains at 114.50 which is a good place to sell with a tight stop loss. Overall we remain neutral.

 

[alisha_nabila]

USDJPY Forecast. 28/7/2017

The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Price has been moving sideways without clear direction this week. Immediate support is seen around 110.60. A clear break and daily/weekly close below that area could trigger further bearish pressure testing the trend line support and 109.50/00 support area next week which is a good place to buy.

Immediate resistance is seen around 111.50/70 region. A clear break above that area would expose 112.75 region. Overall we remain neutral.

 

[alisha_nabila]

USDJPY Forecast. 31/7/2017

The USDJPY attempted to push higher last week topped at 112.19 but whipsawed to the downside and closed lower at 110.72 and hit 110.30 earlier today in Asian session. The bias is bearish in nearest term testing a trend line support as you can see on the daily chart above, located around 109.50/00 region which is a good place to buy with a tight stop loss.

Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term testing 111.30 but only a clear break back above 112.19 could interrupt the current bearish phase. Overall we remain neutral.