The USDJPY continued its bullish momentum yesterday topped at 109.34. The bias remains bullish in nearest term testing 110.00 – 110.65 area.
Immediate support is seen around 108.60. 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.
The USDJPY had a bearish momentum yesterday and hit 108.22 earlier today. The bias is bearish in nearest term but as long as stay inside the bullish channel and above 107.60 as you can see on my H1 chart below, price is still in a bullish correction phase.
Immediate resistance is seen around 108.80. A clear break above that area could lead price to neutral zone in nearest term testing 109.40 or higher.
The USDJPY regained its bullish momentum yesterday topped at 109.39. The bias is bullish in nearest term testing 109.70 – 110.00 area.
Immediate support is seen around 108.20. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay inside the bullish channel and above 107.60 price is still in a bullish correction phase.
The USDJPY had a bullish momentum last week topped at 109.55 but closed lower at 108.61. The bias is bullish in nearest term retesting 109.55. A clear break and daily close above that area could trigger further bullish pressure testing 110.00 – 110.65.
Immediate support is seen around 108.20 and the lower line of the bullish channel as you can see on my H1 chart below. A clear break and daily close below the bullish channel would be a threat to the bullish correction phase.
The USDJPY attempted to push higher yesterday topped at 109.65 but closed lower at 109.13. The bias is neutral in nearest term but as long as stay inside the bullish channel price is still in bullish correction phase.
Immediate support is seen around 108.70 followed by 108.20. On the upside, we need a clear break and daily close above 109.50 area to continue the bullish correction testing 110.00 – 110.65 area. Fundamental focus will be on the FOMC Meeting Minutes.
The USDJPY had a bullish momentum yesterday topped at 110.25. The bias is bullish in nearest term testing 110.65. Immediate support is seen around 119.50.
A clear break below that area could lead price to neutral zone in nearest term but as long as stay inside the bullish channel price is still in a bullish phase.
The USDJPY was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 110.65. Immediate support remains around 119.50.
A clear break below that area could lead price to neutral zone in nearest term but as long as stay inside the bullish channel price is still in a bullish phase.
The USDJPY continued its bullish momentum last week topped at 110.58 but closed lower at 110.14 and hit 109.85 earlier today. The bias is neutral in nearest term probably with a little bearish bias testing the lower line of the bullish channel and 109.50 support area as you can see on my H1 chart below but as long as stay inside the bullish channel price is still in a bullish phase.
On the upside, key resistance is seen around 110.65. A clear break and daily close above that area could trigger further bullish pressure testing 111.90 region this week. On the downside, a clear break and daily close below 109.50 would be a serious threat to the bullish phase targeting 108.70 – 108.00 region.
The USDJPY had a bearish momentum yesterday slipped below the bullish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 108.00/20 area.
Immediate resistance is seen around 109.65. A clear break above that area could lead price to neutral zone in nearest term testing 110.00 – 110.65 region.
The USDJPY failed to continue its bearish momentum yesterday, topped at 110.12 and hit 110.18 earlier today. The bias is bullish in nearest term testing 110.65. A clear break and daily close above that area could trigger further bullish pressure testing 111.90 area.
Immediate support is seen around 109.65. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.
