DAILY FORECAST FOR USDJPY Bias: We need a swift move above 98.43 to maintain gains for 99.12 and 99.64 else expect a dip to 96.66-80 We saw the decline down to 97.08 and from there a solid bounce that could have the structure to really press through to new highs. However, the 98.00-10 area does [...] [...more]
DAILY FORECAST FOR USDJPY Bias: Watch support at 95.72-94 – only below resumes losses else see a move to new highs The strange price development soon after the 93.84 low indeed produced a strong rally yesterday and puts my structure in doubt and therefore I feel we need be cautious. For the moment I can’t [...] [...more]
DAILY FORECAST FOR USDJPY Bias: Take care – back above 96.17 is required to confirm 96.79-97.23 – below 94.03-50 sees 92.91. Losses reached 94.72 on Friday and this morning we have seen just a few more pips down to 94.69. In terms of the short term wave structure the more ideal low now is at [...] [...more]
DAILY FORECAST FOR USDJPY Bias: Initially the 98.20-00 area should see consolidation – then work with breaks – I think lower The losses stalled much earlier than expected from where we saw a sharp recovery. I feel the correction lower from 99.20 is more in keeping with a bearish structure but still the short term [...] [...more]
DAILY FORECAST FOR USDJPY Bias: I feel either 97.00 will cap or a second test of 97.42 to extend losses to 95.35-85 (max 95.04) Losses have developed and this further encourages the larger bearish move. However, I do feel we’re close to the end of this particular stage of the decline. There are two way [...] [...more]
DAILY FORECAST FOR USDJPY Bias: While 99.20-40 caps look for losses to 98.34 and later to 97.78 at least – possibly 97.28-48 The correction from 99.31 quickly ended and we have returned to the bearish side. I look for 99.20 to cap to extend losses to the 98.34 area. Take care there as I suspect [...] [...more]
DAILY FORECAST FOR USDJPY Bias: While 97.78 supports look for gains close to 98.86 again The 98.30-37 resistance was not touched yesterday and instead we saw losses deepen all the way to the 96.20 support and just below at 95.98. However, this low should now be the spring board for the final rally to the [...] [...more]
DAILY FORECAST FOR USDJPY Bias: Overall I look for a correction but it is unclear whether this will be direct or from 95.46. The 95.65 low has been reached. It is a little difficult to make total sense of the decline from 98.96 and whether it is complete. However, while 96.69 caps there is a [...] [...more]
DAILY FORECAST FOR USDJPY Bias: While the 98.49-63 area caps I feel we should continue to see losses below 96.57 Losses dipped a little beyond my expectations but this should set up further losses. There is quite firm resistance around 98.49-63 which I feel will cap and generate losses through 98.10 and then down through [...] [...more]
DAILY FORECAST FOR USDJPY Bias: While 96.32-50 supports there is still risk to 97.02-26 at least The 95.87 target was reached but also broken without developing any bearish set up. Thus I have to look at a new bullish structure that clearly has further to go. While 96.32-50 supports I feel we still have legs [...] [...more]
