Sun, Nov 27, 2022 @ 16:06 GMT

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.36; (P) 147.11; (R1) 148.23; More…

USD/JPY rebounds notably today but stays below 149.69 resistance. Intraday bias remains neutral first. Another fall could be seen, but downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. On the upside, above 149.69 minor resistance will bring stronger rebound back towards 151.93 high. But upside should be limited there to continue the corrective pattern.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.36; (P) 147.11; (R1) 148.23; More…

Intraday bias in USD/JPY remains neutral as consolidation from 151.93 is extending. Another fall could be seen, but downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. On the upside, above 149.69 minor resistance will bring stronger rebound back towards 151.93 high. But upside should be limited there to continue the corrective pattern.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Weekly Outlook

USD/JPY stayed in consolidation below 151.93 last week and outlook is unchanged. Initial bias remains neutral this week first. Another fall could be seen, but downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. On the upside, above 149.69 minor resistance will bring stronger rebound back towards 151.93 high. But upside should be limited there to continue the corrective pattern.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

In the long term picture, rise from 101.18 is seen as part of the up trend from 75.56 (2011 low). Sustained break of 100% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 149.26, will pave the way to 138.2% projection at 168.47. This will remain the favored case as long as 130.38 support holds.

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.62; (P) 147.01; (R1) 147.80; More…

USD/JPY recovers in early US session but outlook is unchanged. Intraday bias stays neutral as corrective pattern from 151.93 would extend. Deeper pull back cannot be ruled out, but downside is expected to be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. On the upside, above 149.69 minor resistance will bring stronger rebound back towards 151.93 high. But upside should be limited there to continue the corrective pattern.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.62; (P) 147.01; (R1) 147.80; More…

USD/JPY is extending the consolidation pattern from 151.93 and intraday bias remains neutral. Deeper pull back could be seen, but downside is expected to be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. On the upside, above 149.69 minor resistance will bring stronger rebound back towards 151.93 high. But upside should be limited there to continue the corrective pattern.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.62; (P) 147.01; (R1) 147.80; More…

Intraday bias in USD/JPY stays neutral as consolidation form 151.93 is still extending. Deeper fall might be seen but downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.62; (P) 147.01; (R1) 147.80; More…

USD/JPY’s outlook is unchanged as consolidation from 151.93 is extending. Deeper fall might be seen but downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.28; (P) 148.19; (R1) 148.86; More…

USD/JPY is extending the consolidation from 151.93 and intraday bias stays neutral. In case of another fall, downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.28; (P) 148.19; (R1) 148.86; More…

Intraday bias in USD/JPY remains neutral and range trading continues. More consolidation would be seen for the near term. In case of another fall, downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.49; (P) 148.10; (R1) 150.62; More…

USD/JPY is staying in consolidation from 151.93 and intraday bias stays neutral. More consolidation would be seen for the near term. In case of another fall, downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.49; (P) 148.10; (R1) 150.62; More…

Range trading continues in USD/JPY and intraday bias remains neutral. More consolidation would be seen for the near term. In case of another fall, downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.23; (P) 148.59; (R1) 150.97; More…

Intraday bias in USD/JPY remains neutral and outlook is unchanged. More consolidation would be seen for the near term. In case of another fall, downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. Upside of rally attempt should be limited by 151.39 resistance.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Weekly Outlook

USD/JPY’s up trend extended to as high as 151.93 last week but retreated sharply, on Japan’s intervention. Considering bearish divergence condition in 4 hour MACD, a short term top should be formed. Initial bias is mildly on the downside this week for deeper decline. But downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound. For now, outlook will stay neutral for more consolidation as long as 151.39 resistance holds, even in case of recovery.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

In the long term picture, rise from 101.18 is seen as part of the up trend from 75.56 (2011 low). Sustained break of 100% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 149.26, will pave the way to 138.2% projection at 168.47. This will remain the favored case as long as 130.38 support holds.

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More…

USD/JPY’s rally accelerates to as high as 151.93 so far. Intraday bias remains on the upside. Next target for the up trend is 100% projection of 130.38 to 140.33 from 145.89 at 155.84 next. On the downside, below 150.07 minor support will turn intraday bias neutral first. But near term outlook will remain bullish as long as 145.89 resistance turned support holds.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More…

USD/JPY’s rally continues today and stays above 150 handle, without clear sign of intervention by Japan. Intraday bias stays on the upside. Current up trend would target 100% projection of 130.38 to 140.33 from 145.89 at 155.84 next. On the downside, break of 149.54 minor support will turn intraday bias neutral and bring consolidations But near term outlook will remain bullish as long as 145.89 resistance turned support holds.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is no clearly sign of topping yet. In any case, break of 140.33 support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.38; (P) 149.64; (R1) 150.18; More…

Focus remains on USD/JPY’s reaction to 150 psychological level, as Japan might intervene. Break of 148.11 support should confirm short term topping and turn bias back to the downside for deeper pull back. However, sustained break of 150 will extend larger up trend, and pave the way to 100% projection of 130.38 to 140.33 from 145.89 at 155.84 next.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is not clearly sign of topping yet. In any case, break of 139.37 resistance turned support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.38; (P) 149.64; (R1) 150.18; More…

There is no clear sign of topping in USD/JPY despite risk of intervention by Japan to defend 150 psychological level. Intraday bias stays on the upside, and sustained break of 150 will pave the way to 100% projection of 130.38 to 140.33 from 145.89 at 155.84 next. Nevertheless, break of 148.11 support should confirm short term topping and turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is not clearly sign of topping yet. In any case, break of 139.37 resistance turned support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.80; (P) 149.09; (R1) 149.52; More…

USD/JPY’s rally continues today and intraday bias stays on the upside for 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. There Japan might intervene again to defend 150 psychological level. On the downside, break of 148.11 minor support will turn bias to the downside for pull back towards 145.89 resistance turned support. However, sustained trading above 150 could pave the way to 100% projection at 155.84 next.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is not clearly sign of topping yet. In any case, break of 139.37 resistance turned support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.80; (P) 149.09; (R1) 149.52; More…

There is no clear sign of topping in USD/JPY yet even though it continues to lose upside moment. Further rise is in favor to 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. Yet, beware that Japan might intervene again to defend 150 psychological level. On the downside, break of 146.43 minor support will indicate short term topping and bring deeper pull back.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is not clearly sign of topping yet. In any case, break of 139.37 resistance turned support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.61; (P) 148.85; (R1) 149.27; More…

USD/JPY continues to lose upside momentum but there is no sign of topping. Further rise is in favor to 61.8% projection of 130.38 to 140.33 from 145.89 at 149.91. Yet, beware that Japan might intervene again close to 150 psychological level. On the downside, break of 146.43 minor support will indicate short term topping and bring deeper pull back.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). 147.68 (1998 high) was already met and there is not clearly sign of topping yet. In any case, break of 139.37 resistance turned support is needed to be the first sign of medium term topping. Otherwise, further rise is in favor to next target at 160.16 (1990 high).