The USDJPY had a bullish momentum yesterday and hit 109.21 earlier today. The bias is bullish in nearest term testing 110.00 area. Immediate support is seen around 108.50.
A clear break below that area could lead price to neutral zone in nearest term testing 108.00 but key support is seen around 107.60. As long as stay below 110.96 the bearish scenario should remain valid but price is in consolidation phase now.
The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term. The major bearish scenario remains valid but price is in a bullish correction/consolidation phase since found support at 107.60 as you can see on my daily chart below.
Immediate support is seen around 108.75. A clear break and daily/weekly close below that area could trigger further bearish pressure retesting 107.60 next week. On the upside, 110.96 region remains a key resistance and bullish correction target.
The USDJPY attempted to push lower yesterday bottomed at 110.67 but whipsawed to the upside and closed higher at 111.31. The bias is bullish in nearest term testing 112.00 – 112.50 area.
On the downside, only a clear break and daily close back below 110.65 would interrupt the current bullish correction phase.
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish intraday bias and hit 111.88 earlier today. The bias remains bullish in nearest term testing 112.50. Immediate support is seen around 111.00.
A clear break below that area could lead price to neutral zone in nearest term testing 110.65 key support.
The USDJPY had a strong bearish momentum yesterday after BOJ decided to hold the monetary policy and continue asset purchases. Technically, this fact interrupts the bullish correction phase.
The bias is bearish in nearest term retesting 107.60 key support. A clear break and daily/weekly close below 107.60 could trigger further bearish scenario next week targeting 105.00 region. Immediate resistance is seen around 109.00.
A clear break above that area could lead price to neutral zone in nearest term testing 110.00 region.
The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 105.00 area.
Immediate resistance is seen around 107.00. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 107.60 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDJPY was indecisive yesterday formed a Doji on daily chart as you can see on my daily chart below and hit 107.44 earlier today. The bias is bullish in nearest term testing 107.60, which is a good place to sell with a tight stop loss.
A clear break and daily close above 107.60 could trigger further bullish pullback testing 108.00 or higher.
Immediate support is seen around 106.50. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish outlook remain strong retesting 105.50 region.
The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias. The bias is bullish in nearest term testing 107.60. A clear break and daily/weekly close above that area could trigger further bullish pullback testing 109.00 region next week.
Immediate support is seen around 106.80. A clear break below that area could lead price to neutral zone in nearest term testing 106.25 region.
The USDJPY was indecisive last week. Price attempted to push higher but still unable to make a clear break above 107.60 key intraday resistance so far. The bias is neutral in nearest term probably with a little bullish bias testing 107.60.
A clear break and daily close above 107.60 could trigger further bullish pullback testing 109.00 area. Immediate support is seen around 107.00. A clear break below that area could trigger further bearish pressure testing 106.50 area.
The USDJPY had a bullish momentum yesterday topped at 108.60 and hit 108.82 earlier today. The bias is bullish in nearest term testing 109.00 area before targeting 110.65.
Immediate support is seen around 108.25. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 107.60 price is still in a bullish correction phase.
