USD/JPY Analysis - page 69

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The pair is undecided, let's see whether there would be a new move to the upside.
 
Resulting from fear of the trade war escalating push the pair down below 110.00 level, immediate support is around 109.10/20 zone.
 
It's testing the support at 109.37, let's see whether it will break out below that level.
 
The pair has rebounded from the support at 109.37 and is range-bound above it, so far there's no breakout.
 
The long-term bias is bullish, but the short-term bias is bearish. Throughout last week, price meandered between the demand level at 109.50 and the supply level at 111.00. Should price continue to move within the confines of the aforementioned demand and supply levels, the short-term bias would remain neutral. Once the confines are breached, a directional movement will resume, and it could most likely favor bulls.
 

USD/JPY crossed to above the critical 110.00 handle and is showing good upward strength. Bulls are aiming now the resistance at 110.45.

 
It's testing the resistance at 110.25 and I think if there's a breakout it could rally to 111.00.
 

US bulls are gaining traction and USD/JPY will retake 110.45 very soon.

 
The pair is largely undecided at the moment, let's see whether it will break out above 110.50.
 

USD/JPY moved above the 110.45 level but bulls are hesitating. The pair is holding around the weekly high and is keeping neutral to positive stance. Indicators are losing directional strength and showing lack of stability around the positive area.

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