Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Intraday bias in USD/JPY remains neutral at this point as consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break of 160.20 is not envisaged for now. However, firm
USDJPY Outlook
Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Yen’s steep retreat today suggests that a short term top is already in place 160.20, close to 160 psychological level. Intraday bias is turned neutral for consolidations first. Some support might come from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break
USD/JPY’s up trend resumed last week and accelerated to as high as 158.43. Initial bias stay on the upside this week. Next target is 138.2% projection of 140.25 to 150.87 from 146.47 at 161.14. On the downside, below 156.81 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, current
Daily Pivots: (S1) 155.32; (P) 155.53; (R1) 155.87; More… Intraday bias in USD/JPY remains on the upside for 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Some resistance could be seen there to bring retreat. But further rally is expected as long as 154.77 resistance turned support holds. Sustained break of 157.09 will
Daily Pivots: (S1) 155.32; (P) 155.53; (R1) 155.87; More… USD/JPY’s fall continues today and intraday bias remains on the upside. Next target is 100% projection of 140.25 to 150.87 from 146.47 at 157.09. On the downside, below 155.30 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 153.58
Daily Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; More… Intraday bias in USD/JPY remains on the upside at this point. Sustained trading above 155.20 fibonacci level will pave the way 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Considering bearish divergence condition in 4H MACD, break of 154.77 resistance turned support will turn
Daily Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; More… USD/JPY’s rally accelerates today and breaks through 155.20 fibonacci level. There is no sign of topping yet. Intraday bias stays on the upside at this point. Sustained trading above 155.20 will pave the way 100% projection of 140.25 to 150.87 from 146.47 at 157.09. For now