Daily Pivots: (S1) 138.97; (P) 139.48; (R1) 140.19; More… For now, strong resistance is still expected by 55 4H EMA (now at 139.87) to complete the recovery from 137.22. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and target 127.20 and below. Nevertheless, sustained trading above
USDJPY Outlook
Daily Pivots: (S1) 138.97; (P) 139.48; (R1) 140.19; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Strong resistance is expected from 55 4H EMA (now at 139.87) to complete the recovery from 137.22. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and target
Daily Pivots: (S1) 137.99; (P) 138.57; (R1) 139.41; More… Strong resistance is expected from 55 4H EMA (now at 139.94) to complete the recovery from 137.22. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and target 127.20 and below. Nevertheless, sustained trading above 55 4H EMA
Daily Pivots: (S1) 137.99; (P) 138.57; (R1) 139.41; More… No change in USD/JPY’s outlook as consolidation from 137.22 is extending. Intraday bias stays neutral for the moment. While further recovery might be seen, upside should be limited by 55 4H EMA (now at 139.96) and bring another decline. Break of 137.22 and sustained trading below
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… USD/JPY is extending the consolidation from 137.22 and intraday bias stays neutral. Upside of recovery should be limited by 55 4H EMA (now at 140.06) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… Intraday bias in USD/JPY remains neutral as consolidation from 137.22 is extending. Upside of recovery should be limited by 55 4H EMA (now at 140.18) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case
Daily Pivots: (S1) 137.63; (P) 138.40; (R1) 139.55; More… USD/JPY’s consolidation from 137.22 is extending and intraday bias remains neutral. Upside of recovery should be limited by 55 4H EMA (now at 140.45) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and