Daily Pivots: (S1) 103.18; (P) 103.25; (R1) 103.32; More..

Intraday bias in USD/JPY remains neutral first as consolidation from 102.87 could extend further. Overall outlook remain bearish though. Break of 102.87 will resume larger down trend form 111.71. Next target would be a test on 101.18 low. On the upside, though, break of 103.89 resistance will be the first sign of short term bottoming, and turn intraday bias back to the upside for rebound.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.39; (P) 103.61; (R1) 103.75; More..

Intraday bias in USD/JPY remains neutral as consolidation from 102.87 might extend. Outlook stays bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.38; (P) 103.54; (R1) 103.66; More..

Consolidation from 102.87 is still extending in USD/JPY and intraday bias remains neutral. Outlook stays bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.38; (P) 103.54; (R1) 103.66; More..

Intraday bias in USD/JPY remains neutral first as consolidation from 102.87 is still extending. Outlook stays bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.38; (P) 103.54; (R1) 103.66; More..

USD/JPY is still extending the consolidation from 102.87 and intraday bias remains neural. Outlook stays bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.38; (P) 103.54; (R1) 103.66; More..

Intraday bias in USD/JPY remains neutral for the moment. Some more consolidations could be seen above 102.87. Still, outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.35; (P) 103.54; (R1) 103.81; More..

Intraday bias in USD/JPY stays neutral as consolidation from 102.87 is extending. Outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.08; (P) 103.48; (R1) 103.72; More..

USD/JPY is staying in consolidation above 102.87 temporary low and intraday bias remains neutral first. Outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.08; (P) 103.48; (R1) 103.72; More..

Intraday bias in USD/JPY stays neutral for more consolidative trading first. Outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.07; (P) 103.34; (R1) 103.57; More..

Intraday bias in USD/JPY remains neutral for the moment. Outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.07; (P) 103.34; (R1) 103.57; More..

Intraday bias in USD/JPY remains neutral first. Outlook remains bearish as it’s staying well inside falling channel from 111.71. Break of 102.87 will bring deeper fall to retest 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

USD/JPY resumed the decline from 111.71 last week and hit 102.87. But a temporary low was formed quickly. Initial bias in neutral this week first. On the downside, break of 102.87 will resume the down trend for retesting 101.18 low. On the upside, break of 104.57 resistance is needed to be the first sign of bullish reversal. Otherwise, outlook will stay bearish in case of strong recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

In the long term picture, the rise from 75.56 (2011 low) long term bottom to 125.85 (2015 high) is viewed as an impulsive move, no change in this view. Price actions from 125.85 are seen as a corrective move which could still extend. In case of deeper fall, downside should be contained by 61.8% retracement of 75.56 to 125.85 at 94.77. Up trend from 75.56 is expected to resume at a later stage for above 135.20/147.68 resistance zone.

Daily Pivots: (S1) 102.79; (P) 103.18; (R1) 103.46; More..

Intraday bias in USD/JPY remains neutral at this point. Overall, the pair is staying well inside falling channel from 111.71. Further decline is expected as long as 104.57 resistance holds. Break of 102.87 will extend the decline towards 101.18 low.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 102.79; (P) 103.18; (R1) 103.46; More..

Intraday bias in USD/JPY is turned neutral again with today’s recovery, and break of 103.51 minor resistance. Overall, the pair is staying well inside falling channel from 111.71. Further decline is expected as long as 104.57 resistance holds. Break of 102.87 will extend the decline towards 101.18 low.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.15; (P) 103.53; (R1) 103.81; More..

USD/JPY drops to as low as 102.93 so far today. The break of 103.17 support confirms resumption of whole down trend from 111.71. Intraday bias remains on the downside. Deeper decline would be seen to retest 101.18 low. On the upside, above 103.51 minor resistance will turn intraday bias neutral first. But break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.15; (P) 103.53; (R1) 103.81; More..

Intraday bias in USD/JPY stays on the downside for 103.17 support. Firm break there will resume whole down trend from 111.71. Next target is 101.18 low. On the upside, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of stronger recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.45; (P) 103.80; (R1) 103.99; More..

USD/JPY’s decline is still in progress and intraday bias stays on the downside for 103.17 support. Firm break there will resume whole down trend from 111.71. Next target is 101.18 low. On the upside, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of stronger recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.45; (P) 103.80; (R1) 103.99; More..

Intraday bias in USD/JPY is back on the downside with break of 103.51 temporary low. Further fall should be seen and break of 103.17 will resume the whole decline to 101.18 low. For now, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of stronger recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.65; (P) 103.87; (R1) 104.24; More..

Intraday bias in USD/JPY stays neutral first and further decline is expected. Overall, the pair is staying inside the falling channel from 111.71. Break of 103.51 will target 103.17 first. Break there will resume the whole decline to 101.18 low. For now, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of stronger recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 103.65; (P) 103.87; (R1) 104.24; More..

USD/JPY rebounded strongly after dipping to 103.51 and intraday bias is turned neutral again. Overall, the pair is staying inside the falling channel from 111.71. Break of 103.51 will target 103.17 first. Break there will resume the whole decline to 101.18 low. For now, break of 104.57 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. On the upside, break of 106.10 resistance is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bearish.