The USDJPY had a bullish momentum last week after a failure to make a clear break below 110.96 as you can see on my daily chart below, topped at 113.32 and hit 113.55 earlier today. The bias remains bullish in nearest term testing 114.50, which is a good place to sell with a tight stop loss as a clear break and daily close above 114.50 could trigger further bullish scenario testing 116.00 or higher. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50/35 area.
let's check usdjpy technical analysis USD/JPY's recuperation was constrained at 113.81 a week ago, just underneath specified 113.81 resistance, and switched. Further, fall would be seen for this present week for retesting 110 first and then to 108 area my viewpoint will stay bearish as long as the usdjpy stay below 113.81. In any case, break of this resistance will show close term inversion and turn viewpoint bullish. In the master plan, value activities from 125.85 medium term top are forming into a more profound revision. Break of 106 resistance is should have been the primary indication of fruition of the trend. pattern consolidation suggests also that break of 110.50 will bring the next level to 108 area
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