The USDJPY was indecisive last week but overall still able to maintain its bearish bias since formed the double top formation at 118.60 as you can see on my H4 chart below. The bias is neutral in nearest term probably with a little bearish bias testing 113.00 – 112.60 area. Immediate resistance is seen around 114.00.
A clear break above that area could trigger further bullish pressure testing 114.50 area.
The USDJPY failed to continue its bearish momentum yesterday topped at 113.89. The bias is bullish in nearest term testing 114.50/80 area but as long as stay below 115.60 the double top bearish scenario should remain valid with nearest target seen around 111.30. Immediate support is seen around 113.25.
A clear break below that area could lead price to neutral zone in nearest term testing 112.50 region.
The USDJPY had a bullish momentum yesterday topped at 114.85. The bias is bullish in nearest term testing 115.60 which is a good place to sell with a tight stop loss. Immediate support is seen around 114.05.
A clear break below that area could lead price to neutral zone in nearest term but would keep the double top bearish scenario remains strong targeting 111.30 area.
The USDJPY had another indecisive movement last week. Price attempted to push lower, bottomed at 112.52 but closed higher at 115.07. The bias is neutral in nearest term but as long as stay below 115.60 I still prefer a bearish scenario at this phase targeting 111.30. Immediate support is seen around 114.25.
A clear break below that area could trigger further bearish pressure testing 113.50 region.
The USDJPY had a bearish momentum last week bottomed at 112.05. The bias is bearish in nearest term testing 111.30. Immediate resistance is seen around 112.70.
A clear break above that area could lead price to neutral zone in nearest term testing 113.25 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDJPY had a bearish momentum yesterday bottomed at 111.62. The bias remains bearish in nearest term testing 111.30. Immediate resistance is seen around 112.30. A clear break above that area could lead price to neutral zone in nearest term testing 112.75 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
On the downside, a clear break and daily close below 111.30 would expose 110.20 (daily EMA 200).
The USDJPY failed to continue its bearish momentum yesterday topped at 112.57. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen at 111.30. Immediate resistance is seen around 113.00. A clear break and daily close above that area could trigger further bullish pullback testing 114.00 region but any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 112.00.
A clear break below that area could trigger further bearish pressure testing 111.30.
The USDJPY had a strong bullish momentum yesterday topped at 113.34 and hit 113.80 earlier today in Asian session. The bias is bullish in nearest term but overall price is still in a bearish phase. As you can see on my H4 chart below price is at the H4 EMA 200 which is a good place to sell with a tight stop loss above 114.00. Immediate support is seen around 113.25. A clear break below that area could lead price to neutral zone in nearest term testing 112.70.
On the upside, a clear break and daily/weekly close above 114.00 would expose 115.60 key resistance next week.
The USDJPY was indecisive last week but price slipped above the H4 EMA 200 as you can see on my H4 chart below suggests a potential bullish pullback but overall I still prefer a bearish scenario at this phase. The bias is bullish in nearest term testing 114.50 region. Immediate support is seen around 113.60. A clear break below that area could lead price to neutral zone in nearest term testing 113.00 area.
On the upside, a clear break and daily close above 114.50 would expose 115.60 key resistance which is a good place to sell.
