The USDJPY continued its bearish correction yesterday bottomed at 108.95. Price traded higher earlier today in Asian session, hit 109.74. The bias is neutral in nearest term. I still prefer a bullish scenario, but only a clear break back above 110.00 could interrupt the current short-term bearish correction bias.
Immediate support is seen around 109.25. A clear break below that area could trigger further bearish pressure testing 108.50 region.
The USDJPY had a bearish momentum last week bottomed at 108.95 and closed at 109.43 as a part of the bearish correction phase after printed a bearish pin bar as you can see on my daily chart below. Price gapped higher earlier today, opened at 109.74. The bias remains bearish in nearest term retesting 108.95.
Immediate resistance is seen around 109.83 (current high). 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 and daily close below 108.95 would expose 108.50 key support. My major bullish outlook remains valid, but need a clear break above 111.50 to resume the bullish trend and any consistent movement below 108.50 would invalidate the bullish outlook.
The USDJPY had a bearish momentum yesterday bottomed at 109.23 and hit 108.91 earlier today in Asian session. The bias remains bearish in nearest term testing 108.50 area.
Immediate resistance is seen around 109.50. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 110.05 area my overall short-term bias remains bearish. On the downside, a clear break and daily close below 108.50 would invalidate my major bullish outlook.
The USDJPY continued its bearish momentum yesterday, slipped below 108.50 key support and now struggling around the support area as you can see on my daily chart below. The bias remains bearish in nearest term. It is reasonable to buy around 108.50 due to a good risk/reward ratio with a tight stop loss below 108.10 targeting at least 100 or 150 pips. On the downside, a clear break and daily close below 108.10 would expose 107.50/00 or lower.
Immediate resistance is seen around 108.85. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 110.00 region would interrupt the overall bearish short-term bias since the appearance of the bearish pin bar last week.
The USDJPY had another indecisive movement yesterday. Price slipped below 108.50, but once again, failed to make a clear break below that support level, closed higher at 108.80 and hit 109.24 earlier today in Asian session. The bias is bullish in nearest term testing 109.50 – 110.05 region.
On the downside, 108.50 remains a key support and good place to buy with a tight stop loss below 108.10. On the upside, a clear break and daily/weekly close above 110.05 would be a serious threat to the bearish phase.
The USDJPY attempted to push lower last week slipped below 108.50 key support but whipsawed to the upside and closed higher at 109.50. The bias is bullish in nearest term testing 110.05. A clear break above that area would be a serious threat to the bearish correction phase but note that only a clear break above 111.50 would reactivate my bullish mode.
Immediate support is seen around 109.40. A clear break below that area could lead price to neutral zone in nearest term testing 109.00 region but key support remains at 108.50.
USDJPY adalah tidak menentu minggu lepas. Bias adalah neutral dalam jangka terdekat. Harga didagangkan pada sekitar garisan trend support seperti yang anda lihat pada carta daily saya. Support dilihat disekitar 110.68 (low hari Jumaat). Break yang jelas dibawah kawasan tersebut akan mendedahkan kawasan 110.25/00. Resistance pula dilihat pada sekitar 111.18 (high terkini). Break yang jelas pada kawasan tersebut akan meneruskan tekanan kenaikan mencuba 111.50 atau lebih tinggi.
USDJPY adalah tidak menentu semalam. Bias kekal neutral dalam jangka terdekat. Harga keseluruhan adalah dalam fasa penurunan sejak ditolak atas kawasan 113.00 tetapi dijumpai support yang bagus pada garisan trend support seperti yang anda lihat pada carta harian saya. Support dilihat disekitar 110.68. Break yang jelas dan penutupan harian dibawah kawasan tersebut akan mendedahkan kawasan 110.25/00. Resistance pula dilihat disekitar 111.18. Break yang jelas diatas Kawasan tersebut akan meneruskan tekanan kenaikan mencuba kawasan 111.50 atau lebih tinggi.
USDJPY mempunyai momentum kenaikan semalam pada 111.53 dan mencecah 111.71 awal pagi tadi dalam sesi Asia. Bias adalah kenaikan pada jangka terdekat mencuba kawasan 112.00/15. Support dilihat disekitar 111.35. Break yang jelas dibawah kawasan tersebut boleh membawa harga ke zon neutral dalam jangka terdekat tetapi selagi harga berada atas garisan trend support (111.00), tekanan penurunan mungkin menjadi limit. Sebaliknya, break yang jelas diatas penutupan harian 112.00 akan mencuba kawasan 113.00.
USDJPY cuba untuk naik lebih tinggi semalam pada 111.75 tetapi ditutup lebih rendah pada 111.35 dan mencecah 111.17 awal pagi ini di sesi Asia. Bias adalah neutral dalam jangka terdekat. Support dilihat disekitar kawasan 111.00 pada garisan trend support. Break yang jelas dan penutupan harian dibawah kawasan tersebut akan meneruskan tekanan penurunan mencuba kawasan harian EMA 200 dan 110.25. Resistance pula dilihat disekitar 111.40. Break yang jelas diatas kawasan tersebut akan meneruskan tekanan kenaikan mencuba kawasan 111.75 – 112.15.
