USD/JPY’s rally continued last week and matched 100% projection of 127.20 to 137.90 from 129.62 at 140.32 already. Initial bias stays on the upside this week for 142.48 fibonacci level. on the downside, break of 138.22 support will indicate short term topping, and turn bias back to the downside for 55 D EMA (now at
USDJPY Outlook
Daily Pivots: (S1) 139.18; (P) 139.70; (R1) 140.57; More… Focus is back on 100% projection of 127.20 to 137.90 from 129.62 at 140.32 in USD/JPY. Firm break there will extend the whole rise from 127.20 to 142.48 fibonacci level. Nevertheless, on the downside, break of 138.22 support will indicate short term topping, and turn bias
Daily Pivots: (S1) 139.18; (P) 139.70; (R1) 140.57; More… Intraday bias in USD/JPY is turned neutral first with current retreat. On the downside, break of 138.22 support indicate short term topping, after failing 100% projection of 127.20 to 137.90 from 129.62 at 140.32. Intraday bias will turn back to the downside for 55 D EMA
Daily Pivots: (S1) 138.65; (P) 139.06; (R1) 139.88; More… USD/JPY’s rally continues today and intraday bias stays on the upside. Further rise is still expected to 100% projection of 127.20 to 137.90 from 129.62 at 140.32. Break there will target 142.48 fibonacci level. On the downside, break of 138.22 minor support will turn intraday bias
Daily Pivots: (S1) 138.25; (P) 138.58; (R1) 138.91; More… While USD/JPY continues to lose upside momentum as seen in 4 H MACD, there is no clear sign of topping yet. Further rise is still expected to 100% projection of 127.20 to 137.90 from 129.62 at 140.32. Break there will target 142.48 fibonacci level. On the
Daily Pivots: (S1) 137.83; (P) 138.26; (R1) 139.02; More… Intraday bias in USD/JPY stays on the upside despite some loss of upside momentum. Current rally from 127.20 should target 100% projection of 127.20 to 137.90 from 129.62 at 140.32. Break there will target 142.48 fibonacci level. On the downside, break of 137.41 minor support will
Daily Pivots: (S1) 137.83; (P) 138.26; (R1) 139.02; More… USD/JPY’s rally is trying to resume with breach of 138.73 temporary top and intraday bias is back on the upside. Current rally from 127.20 should target 100% projection of 127.20 to 137.90 from 129.62 at 140.32. Break there will target 142.48 fibonacci level. On the downside