The USDJPY had a bearish momentum yesterday bottomed at 110.21 and hit 110.00 earlier today in Asian session. The bias remains bearish in nearest term testing a trend line support as you can see on my daily chart below, located around 109.00/50 area 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 as direction would become unclear. On the downside, a clear break below the trend line support and 109.50/00 would activate my bearish mode.
The USDJPY was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 110.80 region. A clear break above that area could trigger further bullish pressure testing 111.30/50 area.
Immediate support is seen around 110.25. A clear break below that area could trigger further bearish pressure testing the trend line support located around 109.50/00 region which remains a good place to buy with a tight stop loss as a clear break below the trend line support would activate the bearish mode.
The USDJPY had a bullish momentum yesterday topped at 110.98. The bias is bullish in nearest term testing 111.25/50 area. Immediate support is seen around 110.25.
A clear break below that area could lead price to neutral zone in nearest term testing 109.50/00 and the trend line support as you can see on daily chart above, which is a good place to buy with a tight stop loss as a clear break below the trend line support would favor bearish mode.
The USDJPY had a bearish momentum yesterday bottomed at 109.85. The bias is bearish in nearest term testing the trend line support and 109.50/00 support area which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 110.35. A clear break above that area could lead price to neutral zone in nearest term testing 111.00 area. On the downside, a clear break and daily/weekly close below the trend line support would activate my bearish mode.
The USDJPY was indecisive last week. Overall price is still in a bearish phase since fell from 114.50 but still respects the trend line support as you can see on my daily chart, which remains a good place to buy with a tight stop loss. The bias is bullish in nearest term testing 111.25 region.
A clear break above that area could trigger further bullish pressure testing 112.00 or higher. Overall I remain neutral but a clear break below the trend line support and 119.50/00 support area would activate my bearish mode.
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bearish phase since fell from 114.50 last month testing a trend line support as you can see on my daily chart, located around 109.50/00 which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 111.25. A clear break and daily close above that area could trigger further bullish pressure testing 112.00 region or higher. On the downside, a clear break below the trend line support and 109.50/00 would activate my bearish mode.
The USDJPY had a bearish momentum yesterday bottomed at 110.25 and hit 109.79 earlier today in Asian session. The bias is bearish in nearest term testing the trend line support and 109.50/00 region which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 110.35. A clear break above that area could lead price to neutral zone in nearest term testing 111.00 region. On the downside, a clear break and daily close below 109.00/50 would favor bearish mode.
The USDJPY attempted to push lower yesterday bottomed at 109.55 but closed higher at 110.05. We have a bullish pin bar formation at trend line support as you can see on my daily chart, suggests a potential bullish scenario.
Immediate resistance is seen around 110.36 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 110.80 – 111.00 or higher. On the downside, a clear break and daily close below the trend line support and 109.50/00 would activate my bearish mode.
The USDJPY had a significant bearish momentum yesterday, broke below the trend line support as you can see on my daily chart below, bottomed at 109.15 and hit 108.99 earlier today in Asian session. This fact activates my bearish mode. The bias is bearish in nearest term testing 108.15.
Immediate resistance is seen around 109.50. A clear break above that area could lead price to neutral zone in nearest term and reactivate my neutral mode as we might have a potential false break situation. On the downside, a clear break and daily/weekly close below 108.15 would expose 106.70 and 105.00 region next week.
The USDJPY had a significant bearish momentum last week broke below the trend line support as you can see on my daily chart. This fact activates my bearish mode but we have a bullish pin bar on daily chart printed on Friday so the situation is a little bit tricky at this point. The bias is neutral in nearest term.
Immediate resistance is seen around 109.80 – 110.00 area. A clear break and daily close back above that area would reactivate my neutral mode as direction would become unclear. On the downside, 108.70 is a key resistance. A clear break and daily close below that area would expose 106.70 or lower this week.
