The USDJPY continued its bullish momentum yesterday topped at 107.01 and hit 107.47 earlier today in Asian session. The bias remains bullish in nearest term testing 108.00 – 108.50 area. Immediate support is seen around 106.75 (former resistance).
A clear break below that area could lead price to neutral zone in nearest term testing 106.00. My major technical outlook remains bearish but only a clear break back at least below 105.50 could interrupt the current bullish correction bias.
The USDJPY failed to continue its bullish momentum yesterday bottomed at 105.41. As you can see on my H1 chart below price is struggling around the lower line of the bullish channel. The bias is bearish in nearest term as we may have a false break (above 106.75) bearish scenario testing H1 EMA 200 located around 105.30.
A clear break and daily/weekly close below that area would reactivate my bearish mode targeting 103.00 – 102.50 area next week. Immediate resistance is seen around 106.75. A clear break and daily/weekly close back above that area would keep the bullish correction phase remain strong.
The USDJPY attempted to push higher last week topped at 107.47 but closed lower at 106.18. My major technical outlook remains bearish but as long as stay above the H1 EMA 200 price is still in a bullish correction phase. The bias is neutral in nearest term.
Immediate resistance is seen around 106.75. A clear break above that area could trigger further bullish pressure retesting 107.47 region. On the downside, the H1 EMA 200 located around 105.50 is a key support at this phase. A clear break below that area would reactivate my bearish mode targeting 103.50.
The USDJPY attempted to push higher yesterday topped at 106.72 but whipsawed to the downside, closed lower at 105.80 and hit 104.62 earlier today in Asian session. As you can see on my H1 chart below, price broke below the H1 EMA 200 suggests a bearish outlook following a false break above 106.75. The bias is bearish in nearest term testing 104.00 – 103.50 area.
Immediate resistance is seen around 105.50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. My major technical outlook remains bearish.
The USDJPY attempted to push higher yesterday after Prime Minister Abe announced a 28 trillion Yen stimulus package, topped at 106.53 but whipsawed to the downside, closed lower at 105.38 and hit 104.62 earlier today in Asian session. The bias is bearish in nearest term testing 103.50.
Immediate resistance is seen around 105.50. A clear break back above that area could lead price to neutral zone in nearest term testing 106.00 – 106.50 area. My major technical outlook remains bearish.
The USDJPY had a bearish momentum last week bottomed at 101.97. The bias is bearish in nearest term testing 101.50. Immediate resistance is seen around 102.75. A clear break above that area could lead price to neutral zone in nearest term testing 103.50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
On the downside, a clear break and daily close below 101.50 could trigger further bearish pressure testing 100.00 – 98.80 region.
The USDJPY didn’t make significant movement yesterday. The bias remains bearish in nearest term testing 101.50. Immediate resistance is seen around 102.75. A clear break above that area could lead price to neutral zone in nearest term testing 103.50 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
On the downside, a clear break and daily close below 101.50 could trigger further bearish pressure testing 100.00 – 98.80 region.
The USDJPY had another indecisive movement yesterday. The bias is neutral in nearest term but overall I remain bearish with nearest target seen around 100.00 region.
Immediate resistance is seen around 101.50 followed by 102.00. On the downside, a clear break and daily/weekly close below 100.00 would expose 98.80 next week.
The USDJPY attempted to push lower last week bottomed at 100.67 but closed higher at 101.78 and slipped above 102.00 earlier today in Asian session. Overall I remain bearish but the bias is bullish in nearest term testing 102.80 – 103.50 region which is a good place to sell.
Immediate support is seen around 101.65. A clear break below that area could lead price to neutral zone in nearest term testing 101.00 – 100.67 region.
The USDJPY had a bullish momentum yesterday topped at 102.65. The bias remains bullish in nearest term testing 102.80 – 103.50 region which is a good place to sell.
Immediate support is seen around 102.25/00. A clear break below that area could lead price to neutral zone in nearest term testing 101.65/50 region. Overall I remain bearish.
