|
USDJPY Outlook |
Written by ActionForex.com |
Mar 17 10 07:24 GMT |
|
|
USD/JPY continues to engage in choppy sideway trading below 91.08 and intraday bias remains neutral for the moment. More consolidations could still be seen but after all, rise from 88.13 is expected to continue as long as 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) holds. Break of 91.08 will target near term trend line resistance (now at 91.25) and then 92.14 resistance. However, note that decisive break of 89.62 cluster support will indicate that rise from 88.13 is possibly finished and will flip intraday bias back to the downside for retesting this low. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 16 10 12:56 GMT |
|
|
USD/JPY rebounds strongly after dipping to 89.97 earlier today but upside is still limited below 91.08 resistance. Intraday bias remains neutral and more sideway consolidation could still be seen. Nevertheless, note that rise from 88.13 is still expected to continue as long as 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) holds. Break of 91.08 will target near term trend line resistance (now at 91.34) and then 92.14 resistance. However, note that decisive break of 89.62 cluster support will indicate that rise from 88.13 is possibly finished and will flip intraday bias back to the downside for retesting this low. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 16 10 07:00 GMT |
|
|
USD/JPY's fall fro 91.08 extends further to as low as 89.97 so far today and more decline could still be seen. Nevertheless, note that rise from 88.13 is still expected to continue as long as 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) holds. Break of 91.08 will target near term trend line resistance (now at 91.34) and then 92.14 resistance. However, note that decisive break of 89.62 cluster support will indicate that rise from 88.13 is possibly finished and will flip intraday bias back to the downside for retesting this low. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 15 10 13:37 GMT |
|
|
No change in USD/JPY's outlook. Intraday bias in USD/JPY remains neutral at this point and more sideway trading might be seen below 91.08. Nevertheless, downside should be contained by 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) and bring rally resumption. Break of 91.08 will target near term trend line resistance (now at 91.34) and then 92.14 resistance. However, note that decisive break of 89.62 cluster support will indicate that rise from 88.13 is possibly finished and will flip intraday bias back to the downside for retesting this low. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 15 10 07:04 GMT |
|
|
Intraday bias in USD/JPY remains neutral at this point and more sideway trading might be seen below 91.08. Nevertheless, downside should be contained by 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) and bring rally resumption. Break of 91.08 will target near term trend line resistance (now at 91.34) and then 92.14 resistance. However, note that decisive break of 89.62 cluster support will indicate that rise from 88.13 is possibly finished and will flip intraday bias back to the downside for retesting this low. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 13 10 14:34 GMT |
|
|
Despite edging higher to 91.08 last week, USD/JPY lose momentum with bearish divergence conditions in 4 hours MACD and RSI and made a short term top there. Initial bias is neutral this week and some consolidations should be seen below 91.08 first. Nevertheless, downside should be contained by 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) and bring rally resumption. Above 91.08 will target near term trend line resistance (now at 91.37) and then 92.14 resistance. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 12 10 12:48 GMT |
|
|
USD/JPY rises further to as high as 90.96 in early US session and at this point, intraday bias remains on the upside for near term falling trend line (now at 91.36). Firm break there will affirm the case that correction from 93.74 has finished with three waves down to 88.13 already and will target 92.14 resistance next for confirmation. On the downside, below 90.16 minor support will indicate that an intraday top is formed and turn bias neutral first. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 12 10 05:53 GMT |
|
|
As noted before, while upside momentum is unconvincing, USD/JPY's rise from 88.13 is still in favor to continue with 89.62 minor support intact, towards near term falling trend line (now at 91.37). On the downside, however, break of 89.62 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 11 10 13:23 GMT |
|
|
While upside momentum is a bit unconvincing, USD/JPY's rise from 88.13 is still in favor to continue with 89.62 minor support intact, towards near term falling trend line (now at 91.40). On the downside, however, break of 89.62 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 11 10 07:45 GMT |
|
|
USD/JPY's break of 90.68 suggests that rise from 88.13 has resumed. Upside moment is a bit unconvincing but still, further rally is expected as long as 89.62 support holds. USD/JPY should now be targeting near term falling trend line (now at 91.45). On the downside, however break of 89.62 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 10 10 12:46 GMT |
|
|
USD/JPY rebounded strongly after drawing support from 4 hours 55 EMA but it's still limited below 90.68 resistance. Intraday bias remains neutral and more consolidations could still be seen. However, another rise would be mildly in favor as long as 89.19 minor support holds. Above 90.68 will bring rise resumption towards near term falling trend line (now at 91.48). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 10 10 06:42 GMT |
|
|
Intraday bias in USD/JPY remains neutral for the moment and more consolidations could still be seen. Nevertheless, another rise would be mildly in favor as long as 89.19 minor support holds. Above 90.68 will bring rise resumption towards near term falling trend line (now at 91.52). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 09 10 13:00 GMT |
|
|
With an intraday top in place at 90.68, bias remains neutral. On the upside, above 90.68 will suggest rise resumption towards near term falling trend line (now at 91.57). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 09 10 05:17 GMT |
|
|
USD/JPY's break of 89.98 minor support indicates that an intraday top is in place and turns bias neutral. Some consolidations could now be seen first. On the upside, above 90.68 will suggest rise resumption towards near term falling trend line (now at 91.57). On the downside, note that further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 08 10 18:30 GMT |
|
|
USD/JPY turned sideway after climbing to 90.66. At this point, intraday bias remains on the upside and further rally is still in favor to near term falling trend line (now at 91.57).On the downside below 89.98 minor support will turn intraday bias neutral first. Further break of 89.19 will argue that rebound from 88.13 is over and will flip intraday bias back to the downside for retesting this support instead. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 08 10 06:46 GMT |
|
|
USD/JPY edged higher to 90.66 today and at this point, intraday bias remains on the upside and further rise is still in favor to near term falling trend line (now at 91.57). On the downside, below 89.32 minor support will indicate that rebound from 88.13 has completed and will flip intraday bias back to the downside for retesting this support. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 06 10 15:41 GMT |
|
|
Despite edging lower to 88.13 initially, USD/JPY staged a strong rebound from there and closed at 90.27 last week. A short term bottom is in place and initial bias remains on the upside and stronger rally could be seen towards near term falling trend line (now at 91.62). On the downside, below 89.32 minor support will indicate that rebound from 88.13 has completed and will flip intraday bias back to the downside for retesting this support. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 05 10 13:29 GMT |
|
|
USD/JPY's strong break of 89.51 resistance indicates that fall from 92.14 should have completed at 88.13 already. Intraday bias is now on the upside for near term falling trend line resistance, (now at 91.64). Break there will argue that fall from 93.74 has completed with three waves down to 88.13 and will turn focus to 92.14 resistance for confirmation. On the downside, below 89.31 minor support will indicate that rebound from 88.13 is completed and will turn bias back to the downside. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Mar 05 10 05:32 GMT |
|
|
Intraday bias in USD/JPY remains neutral for the moment. An intraday low is in place at 88.13 and more recovery could be seen. Nevertheless, note that as long as 89.51 resistance holds, fall from 92.14 is still expected to continue. Below 88.13 will target 87.36 support next. Break there will confirm that whole rebound form 84.81 is finished at 93.74. Also, in such case, the larger down trend is likely resuming for a new low below 84.81. However, note that strong break of 89.51 resistance will suggest that a short term bottom is at least formed and stronger rebound should then be seen to near term falling trend lines resistance (now at 91.67) instead. |
|
Read more...
|
|
