Will USDJPY go uptrend or downtrend?

[Profitable Forex]

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed above signal line. On the downside, break of 129.62 support will resume the whole decline from 137.90 to retest 127.20 low. On the upside, however, above 133.74 resistance will turn bias back to the upside for another rise. Overall, eventual downside break out is expected as long as 137.90 resistance holds.

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[Hardson]

Good understanding, dedication and passion all are needed to become a good trader of the market. When traders have enough knowledge, it accumulates confidence in them. So, traders should never compromise with knowledge acquiring.

 

[borzy]

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed above signal line. On the downside, break of 129.62 support will resume the whole decline from 137.90 to retest 127.20 low. On the upside, however, above 133.74 resistance will turn bias back to the upside for another rise. Overall, eventual downside break out is expected as long as 137.90 resistance holds.

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I still hold bearish view on USDJPY short-term but ready to flip as soon as the Fed gives more confident signals that it's ready to conclude its policy tightening program.