Usd/Jpy

[selametdwi1]

USD/JPY. Bearish bias in the nearest term with nearest support located near 122.10 area. A consistent downward movement below this area could set the price targeting lower support within 121.60 – 121.00 area. Yet an uptrend could be triggered if the price consistently up above 123.10 area and then could aim higher area of 123.65 or even key resistance 124.15.

[Gamabunta]

We are waiting for skipping 125.85 barrier to open the way toward 127.00, which represents the next major target, with the reminder that the break of 124.20 would put pressure on the price level visit to 123.20 before any new positive attempt.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Correction on the Fibonacci 61.8 has been completed. And trendline still indicates the market will bottom towards the Fibonacci 161.8 at 121.22. Stochastic is still heading downwards
Recommendation: Sell

[Gamabunta]

Conducted JPY The pair attempt to break the 124.20 level but returned to settle above it again, and begins trading today Askew bullish supports the chances of resuming the main upside trend, which is supported by SMA 50 along with the positivity on Stochastic.

[selametdwi1]

USD/JPY. Bearish bias in the nearest term and a downtrend needs a confirmation of a break below support 123.75. Further bearish would target lower support that is seen near 123.00 or even key support 122.50. On the other hand, a break above resistance 124.75 could trigger an uptrend with next resistance located near 125.35 and 125.85 area.

[Gamabunta]

The US dollar fell against the Japanese yen as expected, where the form of pattern cover of dark clouds that formed a bearish candle, which now points to further losses in the coming days. It settles near-term support at 124.20, a 23.6% Fibonacci retracement, with a break below that on the basis of the daily closing reveals the way for the 38.2% level at 123.18. Instead, move above the 14.6% Fibonacci at 124.83 paving the way for a summit June 5 at 125.85.

[Gamabunta]

We will keep the positive expectations for the coming period unless the breach of 124.20, as the break of this level will push the price to visit the 123.20 level initially, with reference to the positive goals stretching up towards 127.00.

[Gamabunta]

The pair fell against the yen significantly yesterday after approaching the barrier 126.00, for being bearish for the last bullish wave correction as seen on the secondary image, which is approaching the price of the test level of 23.6% Fibonacci at 124.20, with reference to the Stochastic is trying to gain positive momentum ****ually , while 50 SMA continues to provide support to the price from below.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H4
Reason: To this day, the market still has not touched the pivot point, the prediction market will be to 124.81 and ended up at 123.96
Recommendation: Sell limit at 124.81

[selametdwi1]

USD/JPY. Bearish bias in the nearest term and a break below support 124.10 could trigger a bearish momentum. Next support is seen around 123.70 and key support located near 123.00. On the other hand, an uptrend would need a confirmation of a break above 125.85 to set the price targeting higher resistance around 126.40 and 127.00.