What is USDJPY Price, Analysis, and Trend Today?

 

USDJPY Price, Analysis, and Trend Today

On the Daily Chart, the price shows a strong bullish momentum. However, two critical situations are presenting themselves. First, there is a high potential that a double top is forming around the area 139.115. This might send the price back to the 132.183 area. Alternatively, if the resistance is broken, there is a high potential that the next stop will be the area around 144.000.

   USDJPY 4 Hour Chart: Strong Bullish Momentum

At the beginning of the day, the H4 chart showed strong bullish momentum; however, the previous high has been breached a potential pullback is evident. Looking ahead into the weak, Analyticdave is bear bias on USDJPY. There are minimal chances of the resistance being broken and the pricing moving up to 144.000. That said, I expect to see the pricing lower and lower below the 38.2% fib retracement.

USDJPY Weekly Analysis: Bear Bias