USDJPY Outlook

Intraday bias in USD/JPY is turned neutral with current retreat. Some consolidation should be seen but it should be brief as long as 55 4H EMA (now at 162.98) holds. Above 153.97 will resume larger up trend to 138.2% projection of 152.25 to 160.71 from 155.01 at 166.07. However, sustained break of 55 4H EMA will argue that it's already correcting the rise from 155.01, and bring deeper fall to 160.46 cluster support (38.2% retracement of 155.01 to 163.97 at 160.54.

In the bigger picture, rise from 139.87 (2025 low) is seen as another rising leg of the long term up trend. Next target is 61.8% projection of 139.87 to 159.44 from 152.25 at 164.34. Firm break there will target 100% projection at 171.82. For now, outlook will remain bullish as long as 159.44 resistance turned support holds, even in case of deep pullback.

USD/JPY's up trend resumed last week and there is no sign of topping. Initial bias stays on the upside this week for 138.2% projection of 152.25 to 160.71 from 155.01 at 166.07. On the downside, below 163.02 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 160.46 support holds, in case of retreat.

In the bigger picture, rise from 139.87 (2025 low) is seen as another rising leg of the long term up trend. Next target is 61.8% projection of 139.87 to 159.44 from 152.25 at 164.34. Firm break there will target 100% projection at 171.82. For now, outlook will remain bullish as long as 159.44 resistance turned support holds, even in case of deep pullback.

In the long term picture, up trend from 75.56 (2011 low) is still in progress. Next target is 61.8% projection of 102.58 (2020 low) to 161.94 (2024 high) from 139.87 at 176.55 in the medium term. Long term outlook will stay bullish as long as 139.87 support holds, even in case of deep pullback.

USD/JPY's rally is still in progress and there is not sign of topping. Intraday bias remains on the upside. Next target is 138.2% projection of 152.25 to 160.71 from 155.01 at 166.07. On the downside, below 163.02 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 160.46 support holds, in case of retreat.

In the bigger picture, rise from 139.87 (2025 low) is seen as another rising leg of the long term up trend. Next target is 61.8% projection of 139.87 to 159.44 from 152.25 at 164.34. Firm break break there will target 100% projection at 171.82. For now, outlook will remain bullish as long as 159.44 resistance turned support holds, even in case of deep pullback.