The USDJPY was indecisive yesterday formed a Doji on daily chart. Overall price is still in a strong bullish phase, but a Doji after a bullish run suggests a potential consolidation phase, or even a bearish correction warning. The bias is neutral in nearest term. Immediate support is seen around 108.50.
A clear break below that area could trigger further bearish pressure testing 108.00 or lower. On the upside, we need a clear break and daily close above 109.75 to continue the bullish scenario targeting 111.50.
The USDJPY continued its bullish momentum yesterday topped at 110.17 and hit 110.77 earlier today. The bias is bullish in nearest term testing 111.50.
Immediate support is seen around 110.00. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDJPY was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term. Immediate support is seen around 110.25. A clear break below that area could trigger further bearish pressure testing 109.80 area.
Immediate resistance is seen around 111.50. A clear break and daily close above that area would expose 113.50 this week.
The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall price is still in a bullish phase, but need a clear break at least above 111.35 to continue the bullish scenario targeting 113.50 this week.
Immediate support is seen around 110.50 followed by 109.80. I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDJPY continued its bullish momentum yesterday topped at 112.97. The bias is bullish in nearest term testing 113.50. Immediate support is seen around 112.35/00 area.
A clear break below that area could lead price to neutral zone in nearest term testing 111.50 but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDJPY continued its bullish momentum yesterday topped at 113.53 and hit 113.89 earlier today. The bias remains bullish in nearest term testing 114.50 region. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
On the upside, a clear break and daily/weekly close above 114.50 would expose 116.00 or higher next week.
The USDJPY continued its bullish momentum last week, topped at 113.89 but closed a little bit lower at 112.94 and hit 111.55 earlier today. The bias is bearish in nearest term. As you can see on my daily chart below, after a strong bullish run, we have an indecisive candle followed by a potential bearish candle (today’s candle, so we need to wait until market close today to see whether it’s a bearish candle or not).
A clear break and daily close below 111.50 would expose 110.00 region. Immediate resistance is seen around 112.00 followed by 112.50.
The USDJPY attempted to push higher yesterday topped at 113.33 but closed lower at 112.37. The bias is neutral in nearest term probably with a little bearish bias testing 111.50 support area. A clear break and daily close below 111.50 would expose 110.00 region. Immediate resistance is seen around 112.80. A clear break above that area could trigger further bullish pressure testing 113.30 region.
Overall I remain bullish, but we need a clear break and consistent movement at least above 112.80 – 113.30 to continue the bullish scenario.
The USDJPY had a strong bullish momentum yesterday topped at 114.54 and hit 114.82 earlier today. This fact reactivate my bullish mode. The bias is bullish in nearest term testing 115.25. Immediate support is seen around 113.90.
A clear break below that area could lead price to neutral zone in nearest term testing 113.50 region but as long as stay above 111.50 the bullish bias should remain strong any downside pullback should be seen as a good opportunity to buy.
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall I remain bullish with nearest target seen around 115.25. Immediate support is seen around 113.35.
A clear break below that area could trigger further bearish pullback testing 112.50 area. Immediate resistance is seen around 114.20 followed by 114.80.
