fxsoriginal  Daily USD/JPY technical outlook

Last Update At 20 Oct 2021 00:05GMT.

Trend daily chart


Daily Indicators






Trend hourly chart


Hourly Indicators

Bearish divergences





Daily analysis

Resumption of uptrend.


115.51 - 2017 Mar high.
115.00 - Psychological handle.
114.74 - 2017 Nov high.


114.16 - Tue's NY low.
113.89 - Tue's low.
113.59 - Last Thur's Asian high (now sup).

USD/JPY - 114.54.. Although dlr came under selling pressure on broad-based usd weakness in Asia n fell fm 114.35 (Asia) to 113.89 in European morning, strg rebound in US yields lifted price to 114.33 in NY morning, then later 114.39.

On the bigger picture, dlr's fall fm 118.66 (Dec 2016) to 2019 low at 104.46 (Sep) confirms early uptrend fm 2016 29-month bottom at 99.00 has hit a top there. Despite hitting a 3-1/2 year bottom of 101.19 in Mar 2020 on risk-off trades due to COVID-19 pandemic, dlr's rally to 111.71 the same month signals correction over. Despite dlr's erratic fall to 102.60 (Jan 2021), subsequent rise to 116.65 at the start of Jul signals pullback is over n dlr's break of 2020 top at 112.22 top in early Oct to a 3-year peak of 114.46 last week signals LT rise fm 2020 3-1/2 year trough at 101.19 is en route twd 115.51, overbought readings on daily indicators would cap price below 118.66. Only below 113.22 risks 112.07.

Today, dlr's intra-day break abv Fri's 3-year 114.46 peak ahead of Tokyo open confirms recent uptrend has resumed n would head to 114.74, 'bearish diverivergences' on hourly indicators would prevent strg gain abv 115.00 n reckon 115. 51 should cap upside. Only below 114.16/20 signals temp. top made, 113.89.


Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.


GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.


Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!