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USD/JPY : Daily Analysis from Forex Instructor

USDJPY Forecast. 5/12/2016

UJ_5_12_2016.png

The USDJPY was indecisive last week. The bias is neutral in nearest term. Immediate support is seen around 112.75.

A clear break below that area could trigger further bearish pressure but as long as stay above 111.50 the major bullish scenario should remain strong with nearest target seen around 116.00 and any downside pullback should be seen as a good opportunity to buy.
 
USDJPY Forecast. 6/12/2016

UJ_6_12_2016.png

The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 114.77 but closed lower at 113.81. The bias is neutral in nearest term probably with a little bearish bias testing 112.80 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

Immediate resistance is seen around 114.00 followed by 114.77.
 
USDJPY Forecast. 7/12/2016

UJ_7_12_2016.png

The USDJPY didn’t make significant movement yesterday. The bias remains neutral in nearest term probably with a little bullish bias testing 114.80 – 115.00 area. Immediate support is seen around 113.70.

A clear break below that area could trigger further bearish pressure testing 113.20 or lower but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
 
USDJPY Forecast. 8/12/2016

UJ_8_12_2016.png

The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 113.35. A clear break below that area could trigger further bearish pressure testing 112.80 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 114.15.

A clear break above that area could trigger further bullish pressure testing 114.75 region.
 
USDJPY Forecast. 9/12/2016

UJ_9_12_2016.png

The USDJPY had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains neutral in nearest term. Immediate resistance is seen around 114.75. A clear break and daily/weekly close above that area would expose 116.00 region next week. Immediate support is seen around 114.00.

A clear break below that area could trigger further bearish pressure testing 113.50 or lower but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
 
USDJPY Forecast. 12/12/2016

UJ_12_12_2016.png

The USDJPY continued its bullish momentum last week topped at 115.36 and hit 115.61 earlier today in Asian session. The bias is bullish in nearest term testing 116.00/30 area. Immediate support is seen around 114.75.

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.
 
USDJPY Forecast. 13/12/2016

UJ_13_12_2016.png

The USDJPY attempted to push higher yesterday topped at 116.12 but closed lower at 115.01 and hit 114.73 earlier today. The bias is neutral in nearest term probably with a little bearish bias. As you can see on my H1 chart below, price is testing 114.75 support area which is a good place to buy with a tight stop loss as a clear break below that area would expose 114.00 region. Immediate resistance is seen around 115.50.

A clear break above that area could trigger further bullish pressure testing 116.00 or higher. Overall I remain bullish.
 
USDJPY Forecast. 14/12/2016

UJ_14_12_2016.png

The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 114.75 area which is a good place to buy with a tight stop loss as a clear break below that area would expose 113.85, but overall I remain bullish. Immediate resistance is seen around 115.50.

A clear break above that area could trigger further bullish pressure testing 116.00 region.
 
USDJPY Forecast. 15/12/2016

UJ_15_12_2016.png

The USDJPY had a bullish momentum yesterday broke above 116.00, topped at 117.38. The bias is bullish in nearest term testing 118.00/50 area. Immediate support is seen around 116.95.

A clear break below that area could lead price to neutral zone in nearest term testing 116.25 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
 
USDJPY Forecast. 16/12/2016

UJ_16_12_2016.png

The USDJPY continued its bullish momentum yesterday topped at 118.66. The bias remains bullish in nearest term testing 119.00/50 area. Immediate support is seen around 117.65.

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.
 

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Currency
Rates
EUR / USD
1.12077
USD / JPY
158.265
GBP / USD
1.32233
USD / CHF
0.83108
USD / CAD
1.42300
EUR / JPY
177.437
AUD / USD
0.69745
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