The USDJPY had a bullish momentum yesterday topped at 109.79 and hit 110.27 earlier today in Asian session. The bullish pin bar I showed you yesterday gave us a valid bullish signal, nullify the trend line break bearish scenario. My neutral mode is now reactivated with a short-term bullish bias. The bias is bullish in nearest term testing 111.00 area.
Immediate support is seen around 109.80. A clear break below that area could lead price to neutral zone in nearest term testing 109.40/00 region.
The USDJPY continued its bullish momentum yesterday topped at 110.84. The bias remains bullish in nearest term testing 111.00 – 111.50 area as a part of the bullish scenario after the appearance of the bullish pin bar as you can see on my daily chart below.
Immediate support is seen around 110.35. A clear break below that area could lead price to neutral zone in nearest term testing 109.80 region. Overall I am neutral on this pair.
The USDJPY failed to continue its bullish momentum yesterday, bottomed at 110.03 and hit 109.66 earlier today in Asian session. The bias is bearish in nearest term. Price revisits the trend line support (109.50) as you can see on my daily chart below, which is a good place to buy with a tight stop loss as a clear break below 109.50/00 could trigger further bearish pressure testing 108.15 area.
Immediate resistance is seen around 110.21 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 110.80 or higher. Overall I remain neutral.
The USDJPY continued its bearish momentum yesterday bottomed at 109.44 and hit 109.29 earlier today in Asian session. Price slipped again below the trend line support suggests a bearish view testing 108.70 region.
Immediate resistance is seen around 109.70. A clear break above that area could trigger further bullish pressure testing 110.35 area. Overall I remain neutral but a clear break and daily close below 108.70 would activate my bearish mode.
The USDJPY attempted to push higher last week topped at 110.94 but whipsawed to the downside and closed lower at 109.19. Price fell below the trend line support suggests a bearish view, but we have another bullish pin bar after rejection to move below 108.70 key support as you can see on my daily chart below. I prefer a bearish scenario at this phase but need a clear break below 108.70 to confirm the bearish scenario targeting 108.00 – 107.50 or lower.
Immediate resistance is seen around 109.70. A clear break and daily close above that area would give further confirmation to the bullish pin bar scenario testing 110.50 – 111.00 region.
The USDJPY attempted to push lower yesterday slipped below 108.70 key support but closed higher and hit 109.25 earlier today in Asian session. The bias is neutral in nearest term.
Immediate resistance is seen around 109.80 followed by 110.35. I still prefer a bearish scenario at this phase but need a clear break below 108.70 to activate my bearish mode with nearest target seen at 108.00 – 107.50 area or lower.
The USDJPY had a bullish momentum yesterday topped at 109.64. Price hit 109.82 earlier today in Asian session but traded lower around 109.40 at the time I wrote this comment, just after slipped above the trend line as you can see on my daily chart below. The bias is neutral in nearest term.
Immediate resistance is seen around 109.82 (current high). A clear break above that area could trigger further bullish pressure testing 110.35 or higher. Overall I still prefer a bearish scenario at this phase but need a clear break below 108.70 key support to continue the bearish scenario targeting 108.00 – 107.50 region.
The USDJPY had a bearish momentum yesterday after failed to break above the trend line resistance as you can see on my daily chart, bottomed at 108.92. Price hit 108.84 earlier today in Asian session but corrected higher around 109.20 at the time I wrote this comment. The bias is neutral in nearest term.
Overall I still prefer a bearish scenario but need a clear break below 108.70 key support to confirm the bearish scenario targeting 108.00 – 107.50 as nearest bearish target. Immediate resistance is seen around 109.50 followed by 109.80.
The USDJPY had a bullish momentum yesterday topped at 109.60 and hit 109.77 earlier today in Asian session.The bias is bullish in nearest term. Price revisits the trend line resistance as you can see on my daily chart below. A clear break above 109.85 could trigger further bullish pressure testing 110.35 or higher.
Immediate support is seen around 109.35. A clear break below that area could lead price to neutral zone in nearest term retesting 108.70 key support. Overall I still prefer a bearish scenario at this phase but need a clear break below 108.70 to confirm the bearish continuation scenario testing 108.00 – 107.50 as nearest bearish target.
The USDJPY was indecisive last week formed a Doji formation on weekly chart. The bias is neutral in nearest term. As long as stay below 109.85 I still prefer a bearish scenario at this phase but need a clear break below 108.70 key support area to continue the bearish scenario testing 108.00 – 107.50 as nearest bearish target.
On the upside, a clear break and daily close above 109.85 key resistance would expose 111.00 region or higher.
