The USDJPY continued its bearish momentum yesterday bottomed at 103.01 and hit 102.89 earlier today. As you can see on my H1 chart below price broke below my bullish channel suggests an end to the bullish correction phase. My bearish mode is now reactivated. The bias remains bearish in nearest term testing 102.50 – 101.80 region.
Immediate resistance is seen around 103.50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY attempted to push lower yesterday bottomed at 102.55 but closed higher at 102.97. The bias is neutral in nearest term but overall I remain bearish with nearest target seen at 101.80 as a part of the bearish scenario after broke below the bullish channel as you can see on my H1 chart below.
Immediate resistance is seen around 103.50 followed by 104.00.
The USDJPY had a bearish momentum last week, bottomed at 102.55 but gapped higher earlier today opened at 104.07 and hit 104.47. The bias is bullish in nearest term testing 105.00 – 105.50 area. Immediate support is seen around 103.70.
A clear break below that area could lead price to neutral zone in nearest term testing 103.30/00 area. Overall I remain bearish but I will stand aside for now.
The USDJPY had a bullish momentum yesterday topped at 104.63. The bias remains bullish in nearest term testing 105.00 – 105.50 area which is a good place to sell with a tight stop loss. Immediate support is seen around 104.00.
A clear break below that area could lead price to neutral zone in nearest term testing 103.50 or lower. Overall I remain bearish.
The USDJPY continued its bullish momentum yesterday topped at 105.19 but traded lower and hit 104.35 earlier today. The bias is neutral in nearest term. Immediate resistance is seen around 105.00 followed by 105.50 which remains a good place to sell. Immediate support is seen around 104.15 (H1 EMA 200). A clear break below that area could trigger further bearish pressure testing 103.50 or lower.
Overall I remain bearish. Fundamental focus will be on the US election result which could create a volatile market.
The USDJPY attempted to push lower yesterday bottomed at 101.19 but whipsawed to the upside and hit 105.95 earlier today in a volatile market on US election day which put Donald Trump in the White House. The bias is bullish in nearest term testing 106.70 area but as you can see on my H4 chart below, price is in my “sell zone” where I see any bullish momentum now as a good opportunity to sell with a tight stop loss above 107.50. I have three different multi time frames bias. A bullish short term bias, neutral medium bias and bearish long term bias.
Immediate support is seen around 104.50. A clear break below that area could lead price to neutral zone in nearest term testing 103.50 or lower.
The USDJPY had a bullish momentum yesterday topped at 106.94. The bias remains bullish in nearest term testing 107.50 but as you can see on my H4 chart below price is in my “sell zone” with a tight stop loss above 107.50.
Immediate support is seen around 106.00. A clear break below that area could lead price to neutral zone in nearest term testing 105.50 or lower.
The USDJPY attempted to push lower last week bottomed at 101.19 but whipsawed to the upside, closed at 106.67 and hit 107.40 earlier today. The bias is bullish in nearest term testing 107.50 which is a good place to sell with a tight stop loss as a a clear break above 107.50 would expose 109.00 region. Immediate support is seen around 106.85. A clear break below that area could lead price to neutral zone in nearest term testing 106.25/00 area.
On the upside, a clear break and daily close above 107.50 would change my major technical outlook to a neutral bias with a bullish medium and short term condition.
The USDJPY had a bullish momentum yesterday topped at 108.54. As you can see on my daily chart below, price broke above the daily EMA 200 suggests a potential bullish outlook. The bias remains bullish in nearest term testing 109.00. A clear break and daily close above that area would expose 111.50 region.
Immediate support is seen around 107.75. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 106.75 price is still in a strong bullish phase.
The USDJPY continued its bullish momentum yesterday topped at 109.33. The bias remains bullish in nearest term testing 110.00 area before targeting 111.50 region. Immediate support is seen around 108.50.
A clear break below that area could lead price to neutral zone in nearest term testing 108.00 but as long as stay above 106.75 price is still in a strong bullish phase and any downside pullback should be seen as a good opportunity to buy.
