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USDJPY Outlook |
Written by ActionForex.com |
May 09 08 08:28 GMT |
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USD/JPY's decline from 105.70 extends further to as low as 102.91, taking out 103.19 support and is now pressing short term channel support at 102.96. As discussed before, bearish divergence conditions in 4 hours MACD and RSI argues that whole rebound from 95.77 is over. Break of mentioned channel support will add more credence to this case and put 100.02 support into focus. Break will confirm and encourage a retest of 95.77 low. On the upside, though, above 104.10 will indicate an intraday low is in place and turn outlook neutral first. |
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USDJPY Outlook |
Written by ActionForex.com |
May 08 08 14:17 GMT |
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USD/JPY's fall from 105.70 continues today and reaches as low as 103.67 so far. Focus remains on 103.19 support. As long as this support holds, rise from 95.77 is still mildly in favor to extend further. However, break, with bearish divergence conditions in 4 hours MACD and RSI as background, will argue that the whole rise from 95.77 is over. Focus will then be shifted back to 100.02 support first. |
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USDJPY Outlook |
Written by ActionForex.com |
May 08 08 08:46 GMT |
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USD/JPY failed 105.70 high dropped sharply since then. Break of 104.02 minor support indicates that fall from 105.60 is still in progress and focus is now turning to 103.19 support. As long as this support holds, rise from 95.77 is still mildly in favor to extend further. However, break, with bearish divergence conditions in 4 hours MACD and RSI as background, will argue that the whole rise from 95.77 is over. Focus will then be shifted back to 100.02 support first. |
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USDJPY Outlook |
Written by ActionForex.com |
May 07 08 14:05 GMT |
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USD/JPY's break of 105.12 minor resistance earlier today suggest that retreat from 105.70 has completed at 104.02 after drawing support from 4 hours 55 EMA. Intraday bias in now on the upside and break of 105.70 will confirm that whole rebound from 95.77 has resumed for 38.2% retracement of 124.13 to 95.77 at 106.60. But still, as mentioned before, resistance should continued to build up significantly as USD/JPY approaches 108.59 medium term resistance. |
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USDJPY Outlook |
Written by ActionForex.com |
May 07 08 08:14 GMT |
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USD/JPY's retreat from 105.70 was contained at 104.02 and rebounds after drawing support from 4 hours 55 EMA. Break of 105.12 minor resistance flips intraday bias back to the upside for retest of 105.70 high. Break will indicate whole rebound from 95.77 has resumed for 38.2% retracement of 124.13 to 95.77 at 106.60. But still, as mentioned before, resistance should continued to build up significantly as USD/JPY approaches 108.59 medium term resistance. |
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USDJPY Outlook |
Written by ActionForex.com |
May 06 08 14:42 GMT |
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USD/JPY's retreat from 105.70 extends further today and touches mentioned 4 hours 55 EMA (now at 104.27). Nevertheless, with 103.19 support still holding, the rise from 95.77 is still in favor to extend. Above 105.12 minor resistance will indicate that retreat from 105.70 has completed and will then turn intraday bias back to the upside. Above 105.70 will indicate rebound from 95.77 has resumed for 38.2% retracement of 124.13 to 95.77 at 106.60. But still, as mentioned before, resistance should continued to build up significantly as USD/JPY approaches 108.59 medium term resistance. However, break of 103.19 support, with bearish divergence conditions in 4 hours MACD and RSI as background, will argue that the whole rise from 95.77 is over. Focus will then be shifted back to 100.02 support first. |
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USDJPY Outlook |
Written by ActionForex.com |
May 06 08 07:56 GMT |
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4 hours MACD's cross below signal line suggest that an intraday top is in place at 105.70. Intraday outlook in USD/JPY is turned neutral for the moment and further retreat could be seen to 4 hours 55 EMA (now at 104.27). Nevertheless, downside should be contained above 103.19 support. Above 105.70 will indicate rebound from 95.77 has resumed for 38.2% retracement of 124.13 to 95.77 at 106.60. But still, as mentioned before, resistance should continued to build up significantly as USD/JPY approaches 108.59 medium term resistance. |
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USDJPY Outlook |
Written by ActionForex.com |
May 05 08 14:49 GMT |
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USD/JPY continues to consolidation in tight range below 105.70. Outlook remains unchanged. Intraday bias remains on the upside as long as 104.54 minor support holds. While USD/JPY is already in mentioned resistance zone of 104.96/108.59, further rally is still expected to 38.2% retracement of 124.13 to 95.77 at 106.60. But resistance should build up significantly as USD/JPY is approaching 108.59 medium term resistance. On the downside, below 104.54 will turn intraday outlook neutral first. But still, further rally is in favor as long as retreat is contained above 103.16 support. |
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USDJPY Outlook |
Written by ActionForex.com |
May 05 08 07:56 GMT |
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USD/JPY retreats mildly after rebound from 95.77 extended further to as high as 105.70. At this point, intraday bias remains on the upside as long as 104.54 minor support holds. While, USD/JPY is always in mentioned resistance zone of 104.96/108.59, further rally is still expected to 38.2% retracement of 124.13 to 95.77 at 106.60. But resistance should build up significantly as USD/JPY is approaching 108.59 medium term resistance. On the downside, below 104.54 will turn intraday outlook neutral first. But still, further rally is in favor as long as retreat is contained above 103.16 support. |
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USDJPY Outlook |
Written by ActionForex.com |
May 03 08 19:30 GMT |
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USD/JPY's rebound from 95.77 extends further to as high as 105.70 last week, entered into mentioned 104.96/108.59 resistance zone as expected. From a short term angle, initial bias remains on the upside this week as long as 104.54 minor support holds. Further rally is expected to 38.2% retracement of 124.13 to 95.77 at 106.60. On the downside, below 104.54 will turn intraday outlook neutral first. But still, further rally is in favor as long as retreat is contained above 103.16 support. |
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USDJPY Outlook |
Written by ActionForex.com |
May 02 08 13:12 GMT |
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USD/JPY's recent rally resumes today and extends further to as high as 105.70 so far. At this point, intraday bias remains on the upside as long as 104.54 minor support holds. Further rally should be seen towards the upper end of mentioned 104.96/108.59 resistance zone. On the downside, below 104.54 will turn intraday outlook neutral first. But still, further rally is in favor as long as retreat is contained above 103.16 support. |
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USDJPY Outlook |
Written by ActionForex.com |
May 02 08 08:29 GMT |
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USD/JPY edges higher to 104.71 today but after all upside momentum is unconvincing. Nevertheless, further rally is still in favor as long as 103.49 support holds and the whole rebound from 95.77 could extend further to 104.96/108.59 resistance zone. However, below 103.49 will be the first signal that rebound from 95.77 has completed with bearish divergence condition in 4 hours MACD and RSI. This will put focus back to lower channel support (now at 102.33). Break will add more credence to this case and bring further fall to 100.02 support. |
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USDJPY Outlook |
Written by ActionForex.com |
May 01 08 14:25 GMT |
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Outlook in USD/JPY remains unchanged as the pair is still bounded inside tight range of 103.18 and 104.82. Intraday bias remain mildly on the upside as long as 103.18 support holds. Further rise could now be seen to 104.96/108.59 resistance zone. However, note that loss of upside momentum is still seen in 4 hours MACD and RSI. Below 103.18 will argue that rise from 95.77 has completed and will put focus back to lower channel support (now at 102.17). Break will add more credence to this case and bring further fall to 100.02 support. |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 30 08 13:42 GMT |
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USD/JPY's strong rebound in early US session and the brief break of 104.82 argues that recent rebound from 95.77 has resumed. At this point, intraday bias remains mildly on the upside as long as 103.18 support holds. Further rise could now be seen to 104.96/108.59 resistance zone. However, note that upside momentum is still seen in 4 hours MACD and RSI. Below 103.18 will argue that rise from 95.77 has completed and will put focus back to lower channel support (now at 102.02). Break will add more credence to this case and bring further fall to 100.02 support. |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 30 08 08:26 GMT |
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USD/JPY draws some support from the 4 hours 55 EMA and recovers mildly. Nevertheless, with 4 hours MACD staying below signal line, an intraday top is likely in place at 104.85 and further downside is in favor, probably towards lower channel support (now at 101.98). Note that another rise to 104.96/108.59 resistance zone is still expected as long as this channel support holds. However, break will be the first signal that whole corrective rebound from 95.77 has completed and will put focus back to 100.02 support. |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 29 08 14:30 GMT |
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USD/JPY's fall from 104.82 continues in early US session and break of 103.75 minor support confirms that an intraday top is in place. Intraday bias is flipped back to the downside for lower channel support (now at 101.90). Note that another rise to 104.96/108.59 resistance zone as long as this channel support holds. However, break will be the first signal that whole corrective rebound from 95.77 has completed and will put focus back to 100.02 support. |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 29 08 08:09 GMT |
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USD/JPY continues to stay in tight range below 104.85 today and intraday outlook is turned neutral after 4 hours MACD was dragged below signal line by the sideway trading. On the upside, above 104.85 will indicate that rise from 95.77 has resumed for 104.96/108.59 resistance zone. Meanwhile, below 103.75 will confirms that an intraday top is in place and will turn focus back to channel support (now at 101.87) first. |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 28 08 13:44 GMT |
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Outlook in USD/JPY remains unchanged. Intraday bias remains on the upside as long as 103.75 minor support holds. The whole rebound from 95.77 is still expected to extend further to 104.96/108.59 resistance zone. On the downside, though, below 103.75 will suggest that consolidation from 104.64 is still in progress. But still, a break of 100.02 support is needed to indicate rebound from 95.77 has completed. Otherwise, another rise is still in favor after pullback |
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USDJPY Outlook |
Written by ActionForex.com |
Apr 28 08 08:03 GMT |
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USD/JPY remains firm today. Intraday bias remains on the upside as long as 103.75 minor support holds. The whole rebound from 95.77 is still expected to extend further to 104.96/108.59 resistance zone. On the downside, though, below 103.75 will suggest that consolidation from 104.64 is still in progress. But still, a break of 100.02 support is needed to indicate rebound from 95.77 has completed. Otherwise, another rise is still in favor after pullback |
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