The USDJPY was indecisive yesterday but overall still able to maintain its bearish bias so far. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 107.00. A clear break above that area could lead price to neutral zone in nearest term retesting 107.70 key resistance.
The USDJPY attempted to push lower yesterday bottomed at 106.25 but whipsawed to the upside and closed higher at 107.07. The bias is bullish in nearest term testing 107.70 key resistance.
Immediate support is seen around 106.70. A clear break below that area could lead price to neutral zone in nearest term testing 106.00 – 105.50 region which remains a good place to buy with a tight stop loss.
The USDJPY attempted to push higher last week topped at 107.90 but whipsawed to the downside, closed lower at 106.90 and hit 106.06 earlier today. The bias is bearish in nearest term testing 106.00 – 105.50 area which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 106.85. A clear break above that area could lead price to neutral zone in nearest term testing 107.25 or higher.
The USDJPY attempted to push lower yesterday bottomed at 105.73 but closed a little bit higher at 106.21. The bias remains bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss.
Immediate resistance is seen around 106.50. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY was indecisive yesterday. Price attempted to push lower bottomed at 105.62 but closed higher at 106.07 and hit 106.30 earlier today. The bias is neutral in nearest term probably with a little bullish bias testing 106.70 – 107.00 area.
As you can see on my H1 chart below, we have a falling wedge formation suggests a potential bullish scenario especially if price breaks above the wedge. On the downside, 106.00 – 105.50 region remains a key support and good place to buy with a tight stop loss.
The USDJPY had another indecisive movement yesterday. Price slipped below 105.50 but unable to stay consistently below that area so far. The bias remains neutral in nearest term. Overall I still prefer a bullish scenario at this phase with a tight stop loss below 105.50.
Immediate resistance is seen around 106.00 but key resistance is around the upper line of the falling wedge formation (see my H1 chart below) located around 106.50 area. A clear break above the wedge could trigger further bullish pressure targeting 107.70.
The USDJPY had a strong bearish momentum yesterday, broke below the falling wedge formation as you can see on my H1 chart below. The failure of the falling wedge bullish scenario usually leads to a bearish continuation scenario. The bias is bearish in nearest term testing 104.00 – 103.50 area.
Immediate resistance is seen around 105.50. A clear break above that area could lead price to neutral zone in nearest term testing 106.00 region but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDJPY had a bearish momentum last week bottomed at 103.55 but traded higher earlier today hit 104.80. The bias is neutral in nearest term. Immediate resistance is seen around 104.80. A clear break above that area could trigger further bullish pullback testing 105.50 area which is a good place to sell with a tight stop loss. Immediate support is seen around 104.30.
A clear break below that area could trigger further bearish pressure retesting 103.55 region. Overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDJPY had a bearish momentum yesterday and hit 103.58 earlier today. The bias is bearish in nearest term but as you can see on my H1 chart below price is still trapped between 104.80 – 103.55 range area.
Overall I prefer a bearish scenario at this phase but need a clear break below 103.55 to continue the bearish scenario testing 102.50 area or lower.
The USDJPY was indecisive yesterday. The bias remains bullish in nearest term especially if price able to make a clear break above 104.80 targeting 105.50 or higher. Immediate support is seen around 104.30.
A clear break below that area could lead price to neutral zone in nearest term but could create a false breakout bearish scenario retesting 103.55 key support.
