Action Insight: USDJPY Technical Outlook  This section contains analysis reports produced by our inhouse analyst team. Reports are updated at least twice a day, covering major happenings in the markets as well as their impacts. Details on the technical analysis of specific currency pair will be found in the technical outlook section. This section will be continuously expanding. Check out this section often or we'd highly recommend you to subscribe to our newsletters to get alert of new reports in this section.
 |
Action Insight RSS |
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 04 09 06:58 GMT |
|
|
USD/JPY's rebound was short lived and was limited at 96.96 weakened again. The pair is still bounded in range above 94.87 and the development so far dampened the immediate bullish view that fall from 98.87 has completed at 94.87 already. We'll stay neutral for the moment. On the downside while another fall to below 94.87 cannot be ruled out, downside is expected to be continued by 93.84/94.44 support zone and finally bring stronger rally. On the upside, above 96.96 will revive the case that fall from 98.87, which is treated as the fifth leg in triangle consolidation has completed already and will target 98.87 resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 03 09 07:38 GMT |
|
|
USD/JPY remains bounded in established range of 94.87/96.96 for the moment and outlook remains unchanged. Focus is still on 94.87 support. As long as this support holds, we'd still prefer the case that fall from 98.87, which is treated as the fifth leg in triangle consolidation has completed already. Above 96.96 will bring rally resumption to have a test of 98.87 resistance first. However, note that break of 94.87 will delay the bullish view and bring another low, probably into support zone of 93.84/94.44, before bottoming. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 02 09 13:17 GMT |
|
|
USD/JPY's break of 96.16 minor support indicates that an intraday top is at least formed at 96.96 and flips intraday bias back to the downside. Near term focus remains on 94.87 support. As long as this support holds, we'd still prefer the case that fall from 98.87, which is treated as the fifth leg in triangle consolidation has completed already. Above 96.96 will bring rally resumption to have a test of 98.87 resistance first. However, note that break of 94.87 will delay the bullish view and bring another low, probably into support zone of 93.84/94.44, before bottoming. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 02 09 08:38 GMT |
|
|
At this moment, intraday bias in USD/JPY remains mildly on the upside with 96.16 minor support intact. Fall from 98.87, which is treated as the fifth leg in the triangle consolidation should have completed at 94.87 already. FUrther rally is in favor to retest this 98.87 resistance first. On the downside, note below 96.16 minor support will turn intraday outlook neutral again but pull back should be contained well above 94.87 support and bring another rally. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 01 09 14:46 GMT |
|
|
Prior break of 95.56 resistance in USD/JPY suggests that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed. Intraday bias is now on the upside and further rise should now be seen to 98.87 resistance first. On the downside, below 96.16 minor support will turn intraday outlook neutral again but pull back should be contained well above 94.87 support and bring another rally. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jul 01 09 08:41 GMT |
|
|
USD/JPY's break of 95.56 resistance suggests that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed. Intraday bias is flipped back to the upside and further rise should now be seen to 98.87 resistance first. On the downside, below 96.16 minor support will turn intraday outlook neutral first but pull back should be contained well above 94.87 support and bring another rise. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 30 09 14:26 GMT |
|
|
USD/JPY rebounds again but after all it's still bounded in range of 94.87/96.56. Intraday outlook remains neutral for the moment. As noted before, while another fall cannot be ruled out with 96.56 resistance intact, we still expect downside to be contained by 93.84/94.44 support zone and bring strong rebound to complete whole triangle consolidation that started at 99.67. On the upside, above 96.56 resistance will suggest that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed and should target this resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 30 09 08:38 GMT |
|
|
USD/JPY continues to gyrate inside range of 94.87/96.56 today and intraday outlook remains neutral for the moment. As noted before, while another fall cannot be ruled out with 96.56 resistance intact, we still expect downside to be contained by 93.84/94.44 support zone and bring strong rebound to complete whole triangle consolidation that started at 99.67. On the upside, above 96.56 resistance will suggest that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed and should target this resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 29 09 14:06 GMT |
|
|
With an intraday low at 95.04, intraday outlook remains neutral for the moment and some more sideway trading could be seen in USD/JPY. While another fall cannot be ruled out as long as 96.56 resistance holds, we'd continue to expect downside to be contained by 93.84/94.44 support zone and bring strong rebound to complete whole triangle consolidation that started at 99.67. On the upside, above 96.56 resistance will suggest that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed and should target this resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 29 09 08:32 GMT |
|
|
USD/JPY's recovery from from 95.56 minor resistance turns intraday outlook neutral and suggests some sideway trading might be seen. While another fall cannot be ruled out as long as 96.56 resistance holds, we'd continue to expect downside to be contained by 93.84/94.44 support zone and bring strong rebound to complete whole triangle consolidation that started at 99.67. On the upside, above 96.56 resistance will suggest that fall from 98.87, which is treated as the fifth leg in the triangle consolidation, has finally completed and should target this resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 27 09 14:42 GMT |
|
|
Some volatility was seen in USD/JPY as it dived to 94.87, rebounded to 96.56 and then weakened back to 95.18 again to close the week lower. While downside momentum is clearly diminishing with bullish convergence condition in 4 hours MACD, there is no confirmation of bottoming yet. Initial bias is mildly on the downside this week and further decline could be seen to 93.84/94.44 support zone. However, as we're treating the fall from 98.87 as the fifth leg of triangle consolidation that started at 99.67, downside of the current fall is expected to be contained by 93.84/94.44 support zone and bring strong rebound to resume the larger medium term rise. On the upside, above 95.56 minor resistance will turn intraday outlook neutral first. Break of 96.56 resistance will suggest that fall from 98.87 has finally completed and should target this resistance next. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 26 09 13:21 GMT |
|
|
USD/JPY's break of 95.61 minor support indicates that rebound from 94.87 has completed and fall from 98.87 is likely still in progress. Further decline should be seen to 94.87 and below to continue such fall. Nevertheless, focus will remain on reversal signal in case of another fall since we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support. On the upside, above 96.05 will flip intraday bias back to the upside for 96.56 resistance first. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 26 09 07:32 GMT |
|
|
With 95.61 minor support intact, another rise is still mildly in favor in USD/JPY. As mentioned before, fall from 98.87 has possibly completed at 94.87 already considering bullish convergence condition in 4 hours MACD. Break of 97.18 resistance will confirm this case and bring retest of 98.87 next. On the downside, below 95.61 will dampen this view and turn outlook neutral first. Also, while another fall cannot be ruled out for the moment, focus will remain on reversal signal in case of another fall since we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 25 09 14:24 GMT |
|
|
At this point, intraday bias in USD/JPY remains on the upside as long as 95.61 minor support holds. Fall from 98.87 has possibly completed at 94.87 with bullish convergence condition in 4 hours MACD. Break of 97.18 resistance will confirm this case and bring retest of 98.87 next. On the downside,below 95.61 will dampen this view and turn outlook neutral first. Also, while another fall cannot be ruled out for the moment, focus will remain on reversal signal in case of another fall since we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 25 09 07:51 GMT |
|
|
USD/JPY's break of 95.88 resistance indicates an intraday low is at least in place at 94.87. Considering bullish convergence condition in 4 hours MACD, fall from 98.87 is possibly completed and intraday bias is flipped back to the upside. Break of 97.18 resistance will confirm and bring retest of 98.87 resistance next. On the downside, while another fall cannot be ruled out for the moment, focus will remain on reversal signal in case of another fall since we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 24 09 13:41 GMT |
|
|
USD/JPY continues to stay in tight range above 94.87 low today. Another fall is still mildly in favor with 95.88 minor resistance intact. But after all, we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support. Hence, focus will remain on reversal signal in case of another fall. Meanwhile, considering mild bullish convergence conditions in 4 hours MACD, above 95.88 will flip intraday bias back to the upside. Further break of 97.18 will indicate that fall from 98.87 has completed and bring rally to retest this resistance. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 24 09 08:39 GMT |
|
|
While another fall is still mildly in favor with 95.88 minor resistance intact, we're holding on to the view that fall from 98.87 should be contained by 93.84/94.44 support. Hence, focus will remain on reversal signal in case of another fall. Meanwhile, considering mild bullish convergence conditions in 4 hours MACD, above 95.88 will flip intraday bias back to the upside. Further break of 97.18 will indicate that fall from 98.87 has completed and bring rally to retest this resistance. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 23 09 14:31 GMT |
|
|
USD/JPY's break recovered after hitting 94.98 earlier today and break of 95.71 minor resistance suggests that an intraday low is formed. Outlook is turned neutral for the moment. Below 94.98 will bring another fall but as mentioned before, since we're treating fall from 98.87 as the final leg of triangle consolidation that started at 99.67, we'd expect downside of the current fall to be contained by 93.84/94.44 support zone and bring strong rebound. On the upside, further break of 97.18 resistance will indicate that such fall has completed and will bring rally to test 98.87 resistance. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 23 09 08:41 GMT |
|
|
USD/JPY's break of 95.51 indicates that fall from 98.87 has resumed and at this point, intraday bias remains on the downside as long as 95.71 minor resistance holds. Further decline might still be seen. However, note that since we're treating fall from 98.87 as the final leg of triangle consolidation that started at 99.67, we'd expect downside of the current fall to be contained by 93.84/94.44 support zone and bring strong rebound. Above 95.71 will turn intraday outlook neutral first. Further break of 97.18 will indicate that such fall has completed and bring rally to test 98.87 resistance. |
|
Read more...
|
|
|
USDJPY Outlook |
Written by ActionForex.com |
Jun 22 09 14:11 GMT |
|
|
USD/JPY weakens mildly today but stays inside tight range of 95.51 and 97.18. Intraday outlook remains neutral for the moment. On the downside, below 95.51 will suggest fall from 98.87 is still in progress and could dip to 94.44 support. Nevertheless, as such decline is treated as the final leg of triangle consolidation that started at 99.67, downside should be contained by 93.84/94.44 support zone and bring strong rebound. On the upside, above 97.18 will flip intraday bias back to the upside for testing 98.87 resistance first. |
|
Read more...
|
|
| << Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
| | Results 1 - 20 of 843 |
|
