The USDJPY had a bearish momentum last week bottomed at 108.03 but closed higher at 108.79 and hit 108.88 earlier today in Asian session. The bias is neutral in nearest term.
Immediate resistance is seen around 109.25. A clear break above that area could trigger further bullish pressure testing 109.70 region. On the downside, 108.50 – 107.50 region remains a key support and good place to buy. Overall I remain neutral.
The USDJPY had a bearish momentum yesterday bottomed at 107.39 and hit 106.82 earlier today in Asian session. The bias is bearish in nearest term testing 106.50/00 region.
Immediate resistance is seen around 107.50. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral but as long as stay below 108.50 short term bias should remains bearish.
The USDJPY had a bearish momentum yesterday bottomed at 106.55 and hit 106.53 earlier today in Asian session. The bias is bearish in nearest term testing 106.36 region. A clear break below that area would retest 105.50 support area.
Immediate resistance is seen around 106.90. A clear break above that area could lead price to neutral zone in nearest term testing 107.50 area which need to be clearly broken to the upside to resume the bullish pin bar scenario testing 108.50. Overall I remain neutral.
The USDJPY attempted to push higher yesterday topped at 107.19 but whipsawed to the downside and closed lower below 106.36 support area as you can see on my daily chart below. The bias is bearish in nearest term retesting 105.50 support area.
Immediate resistance is seen around 106.36. A clear break back above that area could lead price to neutral zone in nearest term testing 106.80 – 107.00 region. Overall I remain neutral.
The USDJPY regained its bearish momentum last week slipped below 105.50 support area as you can see on my daily chart below. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 105.50 targeting 104.50 region.
Immediate resistance is seen around 105.75. A clear break above that area could lead price to neutral zone in nearest term testing 106.35 region. Fundamental focus will be on the BOJ press conference and US NFP number on Friday. Overall I remain neutral but price is still in a strong bearish phase.
The USDJPY had a bullish momentum yesterday topped at 106.23 and hit 106.45 earlier today in Asian session after another rejection to move below 105.50 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 107.00/20 area.
Immediate support is seen around 105.90. A clear break below that area could lead price to neutral zone in nearest term retesting 105.50 support area. On the upside, a clear break and daily close above 107.00/20 would expose 108.50 area. Fundamental focus will be on the BOJ press conference and US NFP number on Friday.
The USDJPY had a bullish momentum last week after another failure to break below 105.50 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 107.20/50 region.
Immediate support is seen around 106.20 area. A clear break and daily close below that area would retest 105.50 region which is a good place to buy with a tight stop loss. On the upside, a clear break and daily close above 107.50 would expose 108.50 or higher. Overall I remain neutral.
The USDJPY was indecisive yesterday. Price attempted to push higher topped at 107.28 but whipsawed to the downside and closed lower at 106.45. The bias is neutral in nearest term probably with a little bearish bias testing 105.80/50 support area. Immediate resistance is seen around 107.00/28.
A clear break and daily close above that area would eliminate the potential of descending triangle formation testing 108.50 region or higher. On the downside, a clear break and daily close below 105.50 would expose 104.25 area. Overall I remain neutral.
The USDJPY had another indecisive movement yesterday but keeps making lower highs and lows since fell from 107.28 on Tuesday. The bias is bearish in nearest term retesting 105.50 support area. A clear break and daily close below that area would expose 104.25 region.
Immediate resistance is seen around 106.34 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 106.75 area. If the descending triangle scenario is valid, we may see some choppy movement with tops no higher than 107.00 until next week before price breaks below 105.50 support area and heading south. Overall I remain neutral.
The USDJPY was indecisive yesterday. Price attempted to push lower bottomed at 105.77 but closed higher at 106.32. The bias is neutral in nearest term. Key support remains at 105.50. A clear break below that area would expose 104.25 region.
Immediate resistance is seen around 106.40. A clear break above that area could trigger further bullish pressure but in order to keep the descending triangle bearish scenario intact, price cannot be higher than 107.00. Overall I remain neutral.
