The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias. Immediate support remains around 99.95. A clear break below that area could trigger further bearish pressure testing 99.50 key support.
Immediate resistance remains around 100.60. A clear break above that area could trigger further bullish pressure testing 101.15 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below price has been moving sideways between 101.15 – 99.50 and need a clear break from the range area to see clearer direction. Overall I remain bearish.
A clear break and daily/weekly close below 99.50 would expose 98.00 – 97.50 region next week. On the other hand, a clear break and daily/weekly close above 101.15 could trigger further bullish pullback testing 102.00 – 102.80 region.
The USDJPY attempted to push lower last week bottomed at 99.94 but whipsawed to the upside and closed higher at 101.80 and hit 102.15 earlier today. The bias is bullish in nearest term testing 102.80 which is a good place to sell with a tight stop loss.
Immediate support is seen around 101.50. A clear break below that area could lead price to neutral zone in nearest term testing 101.15/00 region or lower. Overall I remain bearish.
The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 102.39 but closed lower at 101.90. The bias is neutral in nearest term probably with a little bullish bias testing 102.80 which remains a good place to sell.
Immediate support is seen around 101.75. A clear break below that area could trigger further bearish pressure testing 101.15. Overall I remain bearish.
The USDJPY had a bullish momentum yesterday topped at 103.13 and hit 103.22 earlier today. The bias is bullish in nearest term testing 104.00.
Immediate support is seen around 102.50. A clear break below that area could lead price to neutral zone in nearest term testing 102.00 or lower. Overall I remain bearish.
The USDJPY attempted to push higher yesterday topped at 103.99 but whipsawed to the downside and closed lower at 103.22. As you can see on my daily chart below we have a shooting star candlestick formation suggests a potential bearish scenario.
The bias is bearish in nearest term testing 102.50 – 102.00. On the upside, a clear break and daily/weekly close above 104.00 would expose 106.00/75 next week.
The USDJPY had a bullish momentum last week topped at 104.32 but still unable to stay consistently above 104.00 so far. The bias is bullish in nearest term testing 105.00/50 area.
Immediate support is seen around 103.50. A clear break below that area could lead price to neutral zone in nearest term testing 103.00 region but key support is seen around 102.50. My major technical outlook remains bearish.
The USDJPY had a bearish momentum yesterday bottomed at 103.14. The bias is bearish in nearest term testing 102.50 as we may have a false break (above 104.00) bearish scenario. On the upside, a clear break and daily close above 104.00 would expose 105.00/50 before targeting 106.75.
On the downside, a clear break and daily close below 102.50 would reactivate my bearish mode. My major technical outlook remains bearish.
As expected, the USDJPY continued its bearish momentum yesterday bottomed at 101.93 and hit 101.20 earlier today. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario. A clear break and daily close below 100.70 could trigger further bearish pressure retesting 99.50 region.
Immediate resistance is seen around 102.00. A clear break above that area could lead price to neutral zone in nearest term but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The USDJPY attempted to push lower yesterday bottomed at 101.20 but closed higher at 101.72. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario. A clear break and daily close below 100.70 could trigger further bearish pressure retesting 99.50 region.
Immediate resistance remains around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 which is a good place to sell with a tight stop loss.
