Category Archives: USDJPY Outlook

USD/JPY edged higher 109.67 last week but lost momentum since then. Initial bias is neutral for some consolidations first. Downside of retreat should be contained well above 108.24 support to bring another rally. Rise from 104.45 has just resumed and break of 109.67 should target 100% projection of 104.45 to 108.47 from 106.48 at 110.50…

Daily Pivots: (S1) 109.37; (P) 109.47; (R1) 109.60; More.. Intraday bias in USD/JPY remains on the upside at this point. Current rally from 104.45 should target 100% projection of 104.45 to 108.47 from 106.48 at 110.50 next. On the downside, below 109.33 minor support will turn intraday bias neutral first. But break of 108.24 support…

Daily Pivots: (S1) 109.16; (P) 109.39; (R1) 109.75; More.. USD/JPY’s break of 109.48 resistance suggests resumption of rise from 104.45. Intraday bias is back on the upside for 100% projection of 104.45 to 108.47 from 106.48 at 110.50 next. On the downside, break of 108.24 support is needed to indicate short term topping. Otherwise, outlook…

Daily Pivots: (S1) 108.90; (P) 109.05; (R1) 109.23; More.. USD/JPY rises further today but stays below 109.48 resistance. Intraday bias remains neutral first and more sideway trading could be seen. Further rise in favor after drawing support from 55 day EMA. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and…

Daily Pivots: (S1) 108.71; (P) 108.85; (R1) 109.06; More.. No change in USD/JPY’s outlook as sideway trading continues. Intraday bias remains neutral at this point. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive…

Daily Pivots: (S1) 108.71; (P) 108.85; (R1) 109.06; More.. Intraday bias in USD/JPY remains neutral for the moment. Sideway trading from 109.48 might extend further. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive…

Daily Pivots: (S1) 108.40; (P) 108.57; (R1) 108.79; More.. Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive the case of short term reversal. Intraday…

Daily Pivots: (S1) 108.51; (P) 108.62; (R1) 108.76; More.. Intraday bias in USD/JPY remains neutral first. More sideway trading could be seen. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive the case of…

Daily Pivots: (S1) 108.51; (P) 108.62; (R1) 108.76; More.. Intraday bias in USD/JPY remains neutral at this point and more sideway trading could be seen. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive…

USD/JPY stays in range of 108.24/109.48 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, break of 109.48 resistance will resume whole rise from 104.45 and target trend line resistance (now at 111.79). On the downside, break of 108.24 support will revive the case of short term reversal.…