The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario at this phase but need a clear break at least above 110.05 to resume the bullish run testing 110.50 or higher.
Immediate support is seen around 108.50. A clear break and daily close below that area would confirm the false breakout (above D1 EMA 200) bearish scenario testing 107.85 before targeting 106.60 region.
The USDJPY had a bullish momentum yesterday topped at 109.85 and hit 109.94 earlier today in Asian session. The bias is bullish in nearest term but note that we need a clear break above 110.05 to resume the bullish phase testing 110.50 or higher.
Immediate support is seen around 109.50. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 but key support remains around 108.50 area.
The USDJPY had another indecisive movement last week. The bias remains neutral in nearest term. Price is still trapped between 108.50 – 110.05 range area as you can see on my daily chart below and we need a clear break from the range area to see clearer direction.
I still prefer a bullish scenario but need a clear break above 110.05 to continue the bullish phase testing 110.50 or higher. On the downside, a clear break and daily close below 108.50 would expose 107.50 – 106.60 area.
The USDJPY had a moderate bullish momentum yesterday but still trapped inside the range area as you can see on my daily chart below. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario but need a clear break above 110.05 to resume the bullish phase testing 110.50 or higher.
Immediate support is seen around 109.40. A clear break below that area could trigger further bearish pressure testing 109.00 area but key support remains at 108.50.
The USDJPY didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 111.00 – 111.50 region.
Immediate support remains around 110.00 area. A clear break back below that area could lead price to neutral zone in nearest term testing 109.50 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDJPY had a bullish momentum yesterday after unable to break below 110.00 support, topped at 110.85 and hit 111.00 earlier today in Asian session. The bias remains bullish in nearest term testing 111.50 region.
Immediate support is seen around 110.60. A clear break below that area could lead price to neutral zone in nearest term retesting 110.00 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The USDJPY continued its bullish momentum last week topped at 111.08 and hit 111.18 earlier today in Asian session. The bias remains bullish in nearest term testing 111.50 area.
Immediate support is seen around 110.80. A clear break below that area could lead price to neutral zone in nearest term testing 110.50/00 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 111.50 would expose 112.75 region.
The USDJPY attempted to push higher yesterday topped at 111.39 but closed lower at 111.03, printed a bearish bin bar as you can see on my daily chart below. Overall I remain bullish but need a clear break above 111.50 to resume the bullish run targeting 112.75 area. The bias is neutral in nearest term.
Immediate support is seen around 110.60. A clear break below that area would give further confirmation to the bearish pin bar scenario testing 110.00 region.
The USDJPY didn’t make significant movement yesterday, but traded lower earlier today in Asian session hit 110.41. I still prefer a bullish scenario, but this fact confirms the bearish pin bar scenario testing 110.00 region. The bias is bearish in nearest term.
Immediate resistance is seen around 111.00. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 111.50 would invalidate the bearish pin bar scenario and resume the bullish trend testing 112.75 area.
The USDJPY had a bearish momentum yesterday bottomed at 109.55 and hit 109.38 earlier today in Asian session. The bias remains bearish in nearest term as a part of the bearish pin bar scenario targeting 108.50 support area.
Immediate resistance is seen around 110.00. A clear break above that area could lead price to neutral zone in nearest term testing 110.50 area but key resistance remains around 111.50 which need to be clearly broken to the upside to invalidate the current bearish consolidation phase and reactivate my bullish mode testing 112.75 area.
