The USDJPY had a bullish momentum yesterday topped at 102.59 but traded lower earlier today in Asian session hit 101.96. The bias is bearish in nearest term testing 101.15. A clear break and daily/weekly close below that area would expose 99.50 next week.
Immediate resistance is seen around 102.50 which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area could trigger further bullish pressure next week retesting 104.00 region.
The USDJPY attempted to push lower last week bottomed at 101.20 but closed higher at 102.68. The bias is neutral in nearest term but overall I remain bearish. Immediate support is seen around 102.00. A clear break and daily close below that area could trigger further bearish pressure testing 101.15 region.
Immediate resistance is seen around 103.00 which is a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 104.00 region.
The USDJPY had a bearish momentum yesterday bottomed at 101.56 and hit 101.41 earlier today in Asian session. The bias is bearish in nearest term testing 101.15. A clear break and daily close below that area could trigger further bearish pressure testing 100.00 – 99.50 region.
Immediate resistance is seen around 102.50. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear but overall I remain bearish.
The USDJPY failed to continue its bearish momentum yesterday topped at 102.74 and hit 103.19 earlier today. The bias is bullish in nearest term testing 104.00 region which is a good place to sell.
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 region. Overall I remain bearish.
The USDJPY attempted to push higher yesterday topped at 103.35 but whipsawed to the downside, closed lower at 102.40 and hit 101.94 earlier today. The bias is bearish in nearest term testing 101.50 – 101.15 support area.
Immediate resistance is seen around 102.60. A clear break above that area could lead price to neutral zone in nearest term retesting 103.35 region but overall I remain bearish.
The USDJPY attempted to push higher yesterday topped at 102.75 but closed lower at 102.06 and hit 101.74 earlier today. The bias remains bearish in nearest term testing 101.50 – 101.15 support area.
Immediate resistance is seen around 102.50. A clear break above that area could lead price to neutral zone in nearest term but overall I still prefer a bearish scenario. On the downside, a clear break and daily/weekly close below 101.15 would expose 100.00 – 99.50 region next week.
The USDJPY was indecisive last week formed a Doji on weekly chart. As you can see on my H1 chart below price is moving inside a bullish channel suggests a bullish phase but overall I remain bearish. The bias is neutral in nearest term.
Immediate support is seen around 101.75. A clear break and daily close below that area could trigger further bearish pressure testing 101.15 or lower. Immediate resistance is seen around 102.50. A clear break above that area could trigger further bullish pressure testing 103.00 or higher.
The USDJPY had another indecisive movement yesterday. As you can see on my H1 chart below price slipped below the bullish channel but still unable to make a clear break below the bullish channel so far. The bias remains neutral in nearest term.
Immediate resistance is seen around 102.20. A clear break above that area could trigger further bullish pressure testing 103.00 region. On the downside, key support is seen around 101.50 – 101.15. A clear break and daily close below that area would expose 100.00 – 99.50. Overall I remain bearish.
The USDJPY attempted to push higher yesterday topped at 102.78 but whipsawed to the downside and closed at 100.30. The bias is bearish in nearest term testing 99.50 area.
Immediate resistance is seen around 101.15. A clear break back 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 failed to continue its bearish momentum yesterday topped at 100.93 and hit 101.24 earlier today in Asian session. The bias is bullish in nearest term testing the H1 EMA 200 located around 101.65 which is a good place to sell with a tight stop loss.
Immediate support is seen around 100.65. A clear break below that area could lead price to neutral zone in nearest term testing 100.00 region or lower. Overall I remain bearish.
