The USDJPY had a bearish momentum earlier today hit 109.41. The bias is bearish in nearest term testing 109.10. From another technical perspective as you can see on my H1 chart below price is moving inside a range area between 110.65 – 109.10.
We need a clear break from that range area to see clearer direction. A clear break and daily close below 109.10 could trigger further bearish pressure testing 108.20/00 region or lower.
Immediate resistance is seen around 110.00. A clear break above that area could lead price to neutral zone in nearest term testing 110.65.
The USDJPY was indecisive yesterday. The bias is neutral in nearest term and we need a clear break from the range area as you can see on my H1 chart below to see clearer direction. Buy around 109.10 or sell around 110.65 with a tight stop loss seems to be the most reasonable trading plan for now.
A clear break and daily/weekly close below 109.10 could trigger further bearish pressure next week testing 108.00 or lower. On the other hand, a clear break and daily/weekly close above 110.65 could trigger further bullish pressure testing 111.90 region.
The USDJPY had a significant bullish momentum earlier today broke above the range area as you can see on my H1 chart below and hit 111.02. The bias is bullish in nearest term testing 111.90. Immediate support is seen around 110.65.
A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear but could create a false breakout bearish scenario.
The USDJPY continued its bullish momentum yesterday topped at 111.44. The bias remains bullish in nearest term testing 111.90 as a part of the bullish phase after the break above the range area as you can see on my H1 chart below.
Immediate support is seen around 110.65. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY failed to continue its bullish momentum yesterday and slipped below 110.65 key support as you can see on my H1 chart below. The bias is neutral in nearest term but as long as stay above the EMA 200 I still prefer a bullish scenario at this phase targeting 111.90 region.
Immediate support is seen around 110.20. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 region.
The USDJPY had a bearish momentum yesterday bottomed at 109.05. The bias is bearish in nearest term especially if price able to make a clear break below 109.10 targeting 107.70 this week.
Immediate resistance is seen around 110.00 area. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY continued its bearish momentum yesterday bottomed at 108.52. The bias remains bearish in nearest term testing 108.00 – 107.70. Immediate resistance is seen around 109.15.
A clear break above that area could lead price to neutral zone in nearest term testing 109.60 but as long as stay below H1 EMA 200 as you can see on my H1 chart below I still prefer a bearish intraday scenario at this phase.
The USDJPY had a strong bearish momentum last week bottomed at 106.51. The bias is bearish in nearest term testing 106.00 – 105.50 which is a good place to buy with a tight stop loss.
Immediate resistance is seen around 107.70. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY was corrected higher yesterday topped at 107.65. The bias is bullish in nearest term testing 107.70.
Overall, as long as stay below H1 EMA 200 (see my H1 chart below) I still prefer a bearish scenario at this phase but a clear break and daily close above 107.70 could trigger further bullish pullback testing the H1 EMA 200 located around 108.90 area.
Immediate support is seen around 107.00. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remain strong testing 106.00 – 105.50 support area which is also a good place to buy.
The USDJPY was indecisive yesterday. Price slipped above 107.70 resistance area but whipsawed to the downside and hit 106.72 earlier today. The bias is bearish in nearest term testing 106.00 – 105.50 area which remains a good place to buy with a tight stop loss.
Immediate resistance remains around 107.70. A clear break and daily close above that area could trigger further bullish pullback testing the H1 EMA 200 located around 108.90 region.
