The USDJPY currency follows a profile that has adapted to the new negative outlook after ending the upward trend. Parity, which reached 109,12 support points with this idea, continues its negative trend outlook due to a stronger Yen despite the strengthening of the Dollar. Therefore, it should be remembered that the response of potential domestic output trend for the pair.
Main Scenario: USDJPY may want to continue its new negative outlook under the 110.88 barrier under the current lower point of the downtrend. With this thought, the trend rally can be seen towards the 108,35 and 107,51 support points, especially 109,12. Permanent movements, especially at the level of 107.51, can make the negative outlook stronger. Otherwise the trend of domestic responses can occupy the agenda. In this process, the possible reaction levels before the 110.88 barrier were recorded as 109.70 and 110.23.
Alternative Scenario: There is a need for permanent movements over the 110,88 barrier to end the negative trend outlook for the USDJPY parity and return to the positive trend that the pair has ended. In the case of a trend change, a positive view can be seen towards the 112,22 and 112,93 barriers, mainly 111,49. In such pricing behavior, permanent movements above 112.22 may require confirmation in addition to the current turn.
Destek: 109,12 – 108,35 – 107,51
Direnç: 109,70 – 110,23 – 110,88