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Action Insight: USDJPY Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 31 16 03:53 GMT
Intraday bias in USD/JPY remains on the upside for 111.85 resistance. Break of trend line in 4 hours MACD should pick up of upside momentum. Also, bullish convergence condition is seen in daily MACD and 55 days EMA is taken out quite firmly. Break of 111.85 will indicate larger reversal and turn outlook bullish for 115.96/116.13 resistance zone. Nonetheless, break of 109.46 resistance will maintain medium term bearishness and turn focus back to 105.54 low.
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USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 30 16 03:38 GMT
USD/JPY's rebound from 105.54 resumes today by taking out 110.58 resistance and reaches as high as 111.01 so far. Intraday bias is on the upside for 111.85 resistance. The outlook in the pair is turned a bit mixed with the current rise. On the bearish side, it's limited below 111.85 resistance and there is bearish divergence condition in 4 hours MACD, suggesting rebound from 105.54 is a correction. Break of 109.46 support will indicate that it's completed and bring retest of 105.54 low. However, on the bullish side, bullish convergence condition is seen in daily MACD and 55 days EMA is taken out quite firmly. Break of 111.85 will indicate larger reversal and turn outlook bullish.
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USD/JPY Weekly Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 28 16 12:28 GMT
USD/JPY continued to struggle in range below 110.58 last week and initial bias stays neutral this week first. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
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USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 27 16 13:18 GMT
Intraday bias in USD/JPY stays neutral for the moment. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
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EUR/USD Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 27 16 08:45 GMT
Intraday bias in EUR/USD remains neutral for consolidation above 1.1128 temporary low. .Upside would be limited by 38.2% retracement of 1.1615 to 1.1128 at 1.1314 and bring fall resumption. As noted before, rise from 1.0517 is completed at 1.1615 already, on bearish divergence condition in daily MACD. Below 1.1128 will target channel support (now at 1.1062). Sustained break of the channel will confirm this case and target 1.0461/0517 support zone.
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USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 27 16 08:40 GMT
Intraday bias in USD/JPY stays neutral for the moment. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
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USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 26 16 13:03 GMT
Intraday bias in USD/JPY stays neutral for the moment. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
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USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 26 16 08:27 GMT
Intraday bias in USD/JPY stays neutral for the moment. Further rise could be seen but with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
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USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 25 16 14:37 GMT
Intraday bias in USD/JPY stays neutral for the moment. Again, with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
Read more...
 
USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | May 25 16 04:22 GMT
Intraday bias in USD/JPY stays neutral for the moment. Again, with 111.85 resistance intact, outlook stays bearish and down trend from 125.85 is expected to extend through 105.54. Below 108.71 minor support will turn bias to the downside for 105.54 low first. Break of 105.54 will target next long term fibonacci level at 100.70, which is close to 100 psychological level.
Read more...
 
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