The USDJPY had a moderate bullish momentum yesterday topped at 102.84 but traded lower earlier today hit 102.28.
The bias remains neutral in nearest term but as long as stay below 103.55 I still prefer a bearish scenario at this phase. Immediate support is seen around 102.00 followed by 101.40.
The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. As long as stay below 103.55 I still prefer a bearish scenario at this phase.
Immediate support is seen around 102.50. A clear break below that area could trigger further bearish pressure testing 102.00 – 101.50 area.
The USDJPY was corrected higher last week topped at 103.39 but closed lower at 102.55. As long as stay below 103.55 I still prefer a bearish scenario at this phase but as you can see on my H1 chart below price has been moving sideways between 103.55 – 101.50 since the Brexit referendum suggests a consolidation phase.
The bias is neutral in nearest term probably with a little bullish bias testing 103.55. A clear break and daily close above that area could trigger further bullish pressure testing 104.80 or higher. Immediate support is seen around 102.50. A clear break below that area could trigger further bearish pressure testing 101.50 region.
The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term but as long as stay below 103.55 I still prefer a bearish scenario at this phase.
Immediate support is seen around 101.50. A clear break and daily close below that area could trigger further bearish pressure testing 100.00 region.
The USDJPY attempted to push lower yesterday bottomed at 100.19 but closed higher at 101.30. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase retesting 98.80.
Immediate resistance is seen around 101.50. A clear break and daily close back above that area would interrupt the bearish scenario.
The USDJPY had a bearish momentum last week bottomed at 100.00 but traded higher earlier today in Asian session hit 100.87.
The bias is neutral in nearest term but as long as stay below 101.50 I still prefer a bearish scenario at this phase with nearest target seen around 98.80.
The USDJPY continued its bullish momentum yesterday topped at 104.98. The bias remains bullish in nearest term especially if price able to make a clear break above 105.00 targeting 106.00 – 106.75 area. Immediate support is seen around 103.55.
A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. From a long term perspective, I still prefer a bearish scenario but need a clear break at least back below 102.45 to potentially interrupt the current bullish correction bias.
The USDJPY continued its bullish momentum yesterday topped at 105.93 and hit 106.31 earlier today in Asian session. The bias is bullish in nearest term testing 106.75 which is a good place to sell with a tight stop loss. Immediate support is seen around 105.75 followed by 105.00.
On the upside, a clear break and daily/weekly close above 106.75 would expose 108.00 – 108.50 next week. My long term technical outlook remains bearish but need a clear break at least below 103.55 to keep the bearish scenario remains strong.
The USDJPY had a strong bullish momentum last week topped at 106.31 but closed a little bit lower at 104.80. The bias is neutral in nearest term probably with a little bullish bias testing 106.75 which remains a good place to sell with a tight stop loss. Immediate support is seen around 105.00 – 104.50 area.
A clear break below that area could trigger further bearish pressure testing the H1 EMA 200 located around 103.80 area. My major technical outlook remains bearish but need a clear break back at least below 103.80/50 to potentially end the current bullish correction phase.
The USDJPY had a bullish momentum yesterday topped at 106.26. The bias is bullish in nearest term testing 106.75 which remains a good place to sell with a tight stop loss.
Immediate support is seen around 105.50. A clear break below that area could lead price to neutral zone in nearest term testing 105.00 region. My major technical outlook remains bearish.
