The USDJPY was indecisive last week. Price attempted to push lower bottomed at 110.19 but closed higher back above 110.65 support area. The bias is neutral in nearest term. Immediate support is seen around 110.50 followed by 110.19.
Immediate resistance is seen around 111.15 followed by 111.85. Overall I remain neutral but still prefer a bearish scenario at this phase but need a clear break and consistent move below 110.65 to resume the bearish scenario testing 109.50 support area.
The USDJPY had a moderate bullish momentum yesterday topped at 111.21 but closed a little bit lower at 110.91. Price slipped below 110.65 support area earlier today but further bearish pressure was rejected (again) and traded around 111.00 at the time I wrote this comment.
The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase but need a clear break and daily close below 110.65 to resume the bearish phase testing 109.50 region. Immediate resistance is seen around 111.20 followed by 111.85.
The USDJPY continued its bearish momentum last week bottomed at 108.27. The bias is bearish in nearest term but note that 108.50 – 107.50 region remains a key support and good place to buy with a tight stop loss below 107.50.
Immediate resistance is seen around 109.00. A clear break above that area could lead price to neutral zone in nearest term testing 109.50 or higher. Overall I remain neutral.
The USDJPY had another indecisive movement yesterday. It’s been a choppy market this week ahead of FOMC statement on Thursday and US NFP number on Friday. The bias remains neural in nearest term. On the downside, 108.50 – 107.50 remains a key support and good place to buy with a tight stop loss below 107.50.
Immediate resistance is seen around 109.50. A clear break and daily close above that area could trigger further bullish pressure testing 110.65 area. Overall I remain neutral.
The USDJPY had a bullish momentum yesterday topped at 109.44. The bias is bullish in nearest term especially if price able to make a clear break above 109.50 testing 110.00 – 110.65 region. Immediate support is seen around 109.08 (current low).
A clear break below that area could lead price to neutral zone in nearest term testing 108.50 area or lower but note that 108.50 – 107.50 region remains a key support and good place to buy with a tight stop loss below 107.50. Fundamental focus will be on the US NFP on Friday. Overall I remain neutral.
The USDJPY attempted to push higher yesterday topped at 109.74 but closed lower at 109.37. Price traded higher earlier today in Asian session hit 109.73 and still able to move above 109.50 resistance area after bounced-off 108.50 – 107.50 key support area. The bias remains bullish in nearest term testing 110.00 – 110.65 region.
Immediate support is seen around 109.27 (current low). A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Fundamental focus today will be on the US NFP. Overall I remain neutral.
The USDJPY had a bullish momentum last week topped at 110.47. The bias remains bullish in nearest term testing 110.65. Immediate support is seen around 109.50. A clear break back below that area could lead price to neutral zone in nearest term testing 109.00 but key support remains at 108.50 – 107.50 area which remains a good place to buy with a tight stop loss below 107.50.
On the upside, a clear break and daily close above 110.65 would expose 111.50/85 region. Overall I remain neutral.
The USDJPY attempted to push lower yesterday bottomed at 108.44 but whipsawed to the upside and closed higher at 109.52. Price traded lower earlier today in Asian session hit 109.13. The bias is bearish in nearest term retesting 108.50 region but note that 108.50 – 107.50 area remains a key support and good place to buy with a tight stop loss below 107.50.
Immediate resistance is seen around 109.70 (current high). A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 109.70. A clear break above that area could trigger further bullish pressure testing 110.15 – 110.65 region.
Immediate support is seen around 108.90. A clear break below that area could trigger further bearish pressure testing 108.50 but note that 108.50 – 107.50 region remains a key support and good place to buy. Overall I remain neutral.
The USDJPY had a bearish momentum yesterday bottomed at 108.57 and hit 108.47 earlier today in Asian session. The bias is bearish in nearest term but note that 108.50 – 107.50 region remains a key support and good place to buy.
Immediate resistance is seen around 109.35. A clear break above that area could lead price to neutral zone in nearest term testing 109.70 resistance area. Overall I remain neutral.
