Tue, Feb 18, 2020 @ 06:36 GMT

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.75; (P) 109.86; (R1) 109.99; More..

Intraday bias in USD/JPY remains neutral first. Further rally is in favor as long as 109.53 minor support holds. On the upside, break of 110.28 will resume whole rally from 104.45. Though, break of 109.53 will turn bias to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.68; (P) 109.80; (R1) 109.89; More..

USD/JPY is staying in tight range below 110.14 temporary top and intraday bias remains neutral. Further is in favor as long as 109.53 minor support holds. On the upside, break of 110.28 will resume whole rally from 104.45. Though, break of 109.53 will turn bias to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.68; (P) 109.80; (R1) 109.89; More..

Intraday bias in USD/JPY remains neutral for the moment and further rise is in favor as long as 109.53 minor support holds. On the upside, break of 110.28 will resume whole rally from 104.45. Though, break of 109.53 will turn bias to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Weekly Outlook

USD/JPY edged higher to 110.14 last week but lost momentum ahead of 110.28 resistance and retreated. Initial bias is neutral this week first. Further rise is in favor as long as 109.53 minor support holds. Break of 110.28 will resume whole rally from 104.45. Though, break of 109.53 will turn bias to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

In the long term picture, the rise from 75.56 (2011 low) long term bottom to 125.85 (2015 high) is viewed as an impulsive move, no change in this view. Price actions from 125.85 are seen as a corrective move which could still extend. In case of deeper fall, downside should be contained by 61.8% retracement of 75.56 to 125.85 at 94.77. Up trend from 75.56 is expected to resume at a later stage for above 135.20/147.68 resistance zone.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.60; (P) 109.85; (R1) 110.08; More..

Intraday bias in USD/JPY remains neutral for the moment. Further rise is mildly in favor as long as 109.53 support holds. Break of 110.28 resistance will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19. However, break of 109.53 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.60; (P) 109.85; (R1) 110.08; More..

USD/JPY is staying in tight range below 110.14 and intraday bias remains neutral first. Further rise is mildly in favor as long as 109.53 support holds. Break of 110.28 resistance will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19. However, break of 109.53 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.88; (P) 110.00; (R1) 110.24; More..

Intraday bias in USD/JPY is neutral for the moment but further rise is in favor as long as 109.53 support holds. Break of 110.28 resistance will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19. However, break of 109.53 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.88; (P) 110.00; (R1) 110.24; More..

Further rise is expected in USD/JPY as long as 109.53 minor support holds. Break of 110.28 resistance will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19. However, break of 109.53 minor support will turn bias to the downside for deeper pull back.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.69; (P) 109.83; (R1) 109.92; More..

USD/JPY’s rise from 108.30 resumed after brief consolidations. Intraday bias is back on the upside for 110.28 resistance first. Break will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19. For now, further rise will remain in favor as long as 109.53 support holds, in case of retreat.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.69; (P) 109.83; (R1) 109.92; More..

USD/JPY is staying in consolidation form 110.01 temporary top and intraday bias remains neutral first. Further rise remains in favor as long 108.30 support holds. On the upside, above 110.01 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.59; (P) 109.74; (R1) 109.91; More..

Intraday bias in USD/JPY remains neutral for consolidation below 110.01 temporary top. Further rise remains in favor as long 108.30 support holds. On the upside, above 110.01 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.59; (P) 109.74; (R1) 109.91; More..

USD/JPY is staying in consolidation from 110.01 and intraday bias remains neutral first. Further remains in favor as long 108.30 support holds. On the upside, above 110.01 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term falling channel resistance at 111.19.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.53; (P) 109.78; (R1) 110.02; More..

Intraday bias in USD/JPY remains neutral as consolidation from 110.01 is in progress. At this point, further rise is expected as long 108.30 support holds. Above 108.30 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term channel resistance at 111.23.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.53; (P) 109.78; (R1) 110.02; More..

Intraday bias in USD/JPY remains neutral first, for consolidation below 110.01 temporary top. At this point, further rise is expected as long 108.30 support holds. Above 108.30 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term channel resistance at 111.23.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Weekly Outlook

USD/JPY surged to as high as 110.01 last week but failed to break through 110.28 resistance and retreated. Initial bias is neutral this week first. At this point, further rise is expected as long 108.30 support holds. Above 108.30 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term channel resistance at 111.23.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

In the long term picture, the rise from 75.56 (2011 low) long term bottom to 125.85 (2015 high) is viewed as an impulsive move, no change in this view. Price actions from 125.85 are seen as a corrective move which could still extend. In case of deeper fall, downside should be contained by 61.8% retracement of 75.56 to 125.85 at 94.77. Up trend from 75.56 is expected to resume at a later stage for above 135.20/147.68 resistance zone.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.82; (P) 109.91; (R1) 110.08; More..

A temporary top is formed at 110.01 and intraday bias is turned neutral first. At this point, further rise is expected as long 108.30 support holds. Above 108.30 will target 110.28 first. Break will resume larger rebound from 104.45 and target medium term channel resistance at 111.23.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.82; (P) 109.91; (R1) 110.08; More..

USD/JPY is losing some upside momentum as seen in 4 hour MACD. But intraday bias stays on the upside with 109.54 minor support holds, for 110.28 resistance. Break there will resume larger rebound from 104.45 and target medium term channel resistance at 111.23. On the downside, below 109.54 minor support will turn intraday bias neutral first.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.47; (P) 109.66; (R1) 110.02; More..

Intraday bias in USD/JPY stays on the upside as rise for 110.28 resistance. Break there will resume larger rebound from 104.45 and target medium term channel resistance at 111.23. On the downside, below 109.54 minor support will turn intraday bias neutral first.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Daily Outlook

Daily Pivots: (S1) 109.47; (P) 109.66; (R1) 110.02; More..

Intraday bias in USD/JPY stays on the upside as rise form 108.30 is target 110.28 resistance. Break there will resume larger rebound from 104.45. Break there will target medium term channel resistance at 111.23. On the downside, break of 109.30 minor support will turn bias back to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.86; (P) 109.21; (R1) 109.86; More..

Intraday bias in USD/JPY remains on the upside for 110.28 resistance. Break there will resume larger rebound from 104.45. Break there will target medium term channel resistance at 111.23. On the downside, break of 109.30 minor support will turn bias back to the downside for 108.30 support instead.

In the bigger picture, there is no change in the bearish outlook yet in spite of the rebound from 104.45. The pair is staying in long term falling channel that started at 118.65 (Dec. 2016). Rise from 104.45 is seen as a correction and the down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

- advertisement -
- advertisement -