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Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 273.2400.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigg…
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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 0.6828.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 0.6510.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen
Avatar

Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 14.30.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger …
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
oderum Kommentare zu hinterlassen
Avatar

Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 8.3565.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
Ucef avatar
Ucef 29 Mar.

Update: The pair had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below.
The bias remains bearish in nearest term testing support line. Immediate resistance is seen around the weakly open. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance.

Ucef avatar
Ucef 29 Mar.

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Long term bias is still bullish

Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 19.5787.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigge…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
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USD/JPY forming a bearish pattern

Daily analysis
124.16 was an important cap in late June. The round number of 123 has strengthened in resistance as the pair trades at higher levels.
The pair touched resistance at 121.50 before retracting. It is currently an immediate resistance line.
USD/JPY ended the weak at 120.40, which was a swing low in July, 119.19 has held firm since October.
Weekly analysis
The yen has showed some improvement in the month of December, as USD/JPY close to the symbolic 120 level. The upcoming week will be…
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