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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 | Dec 22 14 06:35 GMT
Intraday bias in USD/JPY remains mildly on the upside for the moment. Pull back from 121.84 should have completed at 115.55, ahead of 38.2% retracement of 105.19 to 121.84 at 115.47. Rebound from there would extend to retest 121.84 high. But break there is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside as the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
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USD/JPY Weekly Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 20 14 14:33 GMT
USD/JPY's rebound last week suggests that pull back from 121.84 has completed at 115.55, ahead of 38.2% retracement of 105.19 to 121.84 at 115.47. Initial bias is mildly on the upside for retesting 121.84 high first. But break there is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside as the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
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USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 19 14 13:53 GMT
The recovery from 115.55 temporary low is expected to extend higher to retest 121.84 high. But break there is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside as the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
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USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 19 14 07:42 GMT
Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside is the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
Read more...
 
USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 18 14 14:11 GMT
Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside is the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
Read more...
 
USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 18 14 03:05 GMT
Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside is the consolidation extends. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
Read more...
 
USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 17 14 14:05 GMT
Recovery from 115.55 temporary low is expected to extend higher as consolidation continues. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to bring rebound. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
Read more...
 
USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 17 14 02:55 GMT
A temporary low is in place at 115.55, just ahead of 38.2% retracement of 105.19 to 121.84 at 115.47. Breach of 117.43 minor resistance could bring stronger recovery. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 115.47 fibonacci level to bring rebound. However, sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
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USD/JPY Mid-Day Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 16 14 13:47 GMT
USD/JPY's fall from 121.84 short term top extends lower today and reaches 115.55 so far. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside and bring rebound. Above 117.43 minor resistance will turn bias to the upside. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. Meanwhile sustained break of 115.47 will pave the way to 61.8% retracement at 111.55.
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USD/JPY Daily Outlook Print E-mail
USDJPY Outlook | Written by ActionForex.com | Dec 16 14 05:05 GMT
Intraday bias in USD/JPY is mildly on the downside and the correction from 121.84 short term top would extend lower through 117.23 support. At this point, we'd expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside and rebound. On the upside, break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first.
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