Mon, Mar 30, 2020 @ 22:30 GMT

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 107.25; (P) 108.49; (R1) 109.21; More...

Intraday bias in USD/JPY remains neutral for the moment. On the downside, decisive break of 106.75 support should confirm completion of rebound from 101.18, after failing 112.22 key resistance. Intraday bias will be turned back to the downside for retesting 101.18 low. On the upside, above 109.70 minor resistance will turn bias back to the upside for retesting 111.71. Decisive break of 112.22 carry larger bullish implication and target 114.54 resistance next.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 107.25; (P) 108.49; (R1) 109.21; More...

Focus remains on 106.75 support in USD/JPY as fall from 111.71 is extending. Decisive break there should confirm completion of rebound from 101.18, after failing 112.22 key resistance. Intraday bias will be turned back to the downside for retesting 101.18 low. On the upside, though, decisive break of 112.22 carry larger bullish implication and target 114.54 resistance next.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Weekly Outlook

USD/JPY dropped notably last week after failing to break through 112.22 resistance. But for now, such decline is seen as a corrective move. Further rally is still in favor as long as 106.75 support holds. Decisive break of 112.22 carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.77; (P) 110.03; (R1) 110.85; More...

Intraday bias in USD/JPY remains neutral for the moment. Fall from 111.71 is seen as a corrective pull back for now. Further rise is still mildly in favor with 106.75 minor support intact. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 108.77; (P) 110.03; (R1) 110.85; More...

Intraday bias in USD/JPY remains neutral first and outlook is unchanged. Further rise is still mildly in favor with 106.75 minor support intact. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 110.74; (P) 111.21; (R1) 111.67; More...

USD/JPY’s fall from 111.71 extends lower today but it’s staying well above 106.75 support. Intraday bias remains neutral first and further rally is still mildly in favor. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 110.74; (P) 111.21; (R1) 111.67; More...

Intraday bias in USD/JPY stays neutral at this point. More consolidative trading could be seen first. Near term outlook will remain cautiously bullish as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 110.31; (P) 111.02; (R1) 111.94; More...

Intraday bias in USD/JPY remains neutral for the moment and more consolidation could be seen. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 110.31; (P) 111.02; (R1) 111.94; More...

USD/JPY continues to edge higher with weak upside moment and outlook is unchanged. Intraday bias remains neutral and another deep retreat could be seen. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 110.09; (P) 110.84; (R1) 112.02; More...

Intraday bias in USD/JPY remains neutral for the moment and more consolidations could be seen. Deeper retreat cannot be ruled out. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 110.09; (P) 110.84; (R1) 112.02; More...

USD/JPY edged higher to 111.59 but quickly retreated. Intraday bias remains neutral for now. Deeper retreat could be seen as consolidation extends. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 109.63; (P) 110.57; (R1) 111.81; More...

Intraday bias in USD/JPY remains neutral for consolidation below 111.50 temporary top. Deeper retreat could be seen. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 109.63; (P) 110.57; (R1) 111.81; More..

With 4 hour MACD crossed below signal line, intraday bias in USD/JPY is turned neutral first. Further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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USD/JPY Weekly Outlook

USD/JPY’s rebound from 101.18 extended to as high as 111.50 last week. Initial bias stays on the upside for 112.22 resistance next. Sustained break there will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

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.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.69; (P) 109.82; (R1) 111.74; More..

Intraday bias in USD/JPY remains on the upside for 112.22 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 108.69; (P) 109.82; (R1) 111.74; More..

USD//JPY reaches as high as 111.36 so far as rise from 101.18 extends. Intraday bias remains on the upside for 112.22 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 106.82; (P) 107.27; (R1) 107.78; More..

Intraday bias in USD/JPY remains on the upside as rise form 101.18 is targeting 112.22 key resistance Decisive break there will carry larger bullish implications. On the downside, break of 105.14 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 106.82; (P) 107.27; (R1) 107.78; More..

USD/JPY’s rebound from 101.18 extends higher and sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 suggests completion of fall from 112.22. Intraday bias is now on the upside for retesting 112.22 key resistance next. On the downside, break of 105.14 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Intraday bias in USD/JPY remains neutral for the moment. Further rise is mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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USD/JPY Daily Outlook

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Outlook in USD/JPY is unchanged and intraday bias remains neutral first. Further rise is mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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