Daily Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short term topping
USDJPY Outlook
USD/JPY dipped to 149.20 last week but quickly recovered. Initial bias remains neutral this week first. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short term topping at 150.87.
Daily Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; More… Intraday bias in USD/JPY stays neutral for the moment. On the upside, decisive break of 150.87 will resume whole rally from 140.25 to retest 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short
Daily Pivots: (S1) 149.24; (P) 149.97; (R1) 150.74; More… USD/JPY rebounded strongly after brief dip to 149.20 and intraday remains neutral for now. On the upside, decisive break of 150.87 will resume whole rally from 140.25 to retest 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break
Daily Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; More… Immediate focus is now on 149.51 minor support in USD/JPY. Considering bearish divergence condition in 4H MACD, firm break of 149.51 should confirm short term topping at 150.87. Intraday bias will then be back on the downside for channel support (now at 148.20), even as a
Daily Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; More… USD/JPY falls notably today but stays above 149.51 minor support. Intraday bias remains neutral first. Considering bearish divergence condition in 4H MACD, firm break of 149.51 should confirm short term topping at 150.87. Intraday bias will then be back on the downside for channel support (now
Daily Pivots: (S1) 150.17; (P) 150.44; (R1) 150.81; More… No change in USD/JPY’s outlook as range trading is still continuing. Intraday bias stays neutral at this point. In case of deeper retreat, downside should be contained by 148.79 resistance turned support to bring rebound. On the upside, break of 150.87 will resume 140.25 to 151.89/93