Daily Pivots: (S1) 105.94; (P) 106.03; (R1) 106.12; More...

Intraday bias in USD/JPY is turned neutral again with 4 hour MACD crossed below signal line. Further rise is in favor as long as 104.94 support holds. Current development argues that down trend from 111.71 has completed on bullish convergence condition in daily MACD. Above 106.11 will target 106.94 resistance for confirmation. However, on the downside, break of 104.94 will dampen this bullish view and bring retest of this low instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.68; (P) 105.90; (R1) 106.19; More...

USD/JPY’s rebound from 104.00 is still in progress. Intraday bias stays on the upside for 106.94 resistance. Current development argues that down trend from 111.71 has completed on bullish convergence condition in daily MACD. On the upside, break of 106.94 resistance will confirm and turn outlook bullish. On downside, break of 104.94 support is needed to indicate completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.68; (P) 105.90; (R1) 106.19; More...

Intraday bias in USD/JPY stays on the upside for the moment. Further rise should be seen to 106.94 resistance. Current development argues that down trend from 111.71 has completed on bullish convergence condition in daily MACD. On the upside, break of 106.94 resistance will confirm and turn outlook bullish. On downside, break of 104.94 support is needed to indicate completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.48; (P) 105.63; (R1) 105.80; More...

Intraday bias in USD/JPY remains on the upside at this point, for 106.94 resistance. Current development argues revives the case that down trend from 111.71 has completed on bullish convergence condition in daily MACD. On the upside, break of 106.94 resistance will confirm and turn outlook bullish. On downside, break of 104.94 support is needed to indicate completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.48; (P) 105.63; (R1) 105.80; More...

USDJPY’s break of 105.80 resistance suggests resumption of rebound from 104.00. The development also revives the case that down trend from 111.71 has completed on bullish convergence condition in daily MACD. Intraday bias is back on the upside, break of 106.94 resistance will confirm and turn outlook bullish. On downside, break of 104.94 support is needed to indicate completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.41; (P) 105.61; (R1) 105.93; More...

Range trading continues in USD/JPY and intraday bias remains neutral. On the upside, break of 105.80 will resume the rebound from 104.00 to 106.94 resistance next. on the downside, break of 104.92 will suggest completion of rebound from 104.00. Intraday bias will be turned back to the downside for retesting this 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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.41; (P) 105.61; (R1) 105.93; More...

Intraday bias in USD/JPY remains neutral as range trading continues. On the upside, break of 105.80 will resume the rebound from 104.00 to 106.94 resistance next. on the downside, break of 104.92 will suggest completion of rebound from 104.00. Intraday bias will be turned back to the downside for retesting this 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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.96; (P) 105.32; (R1) 105.69; More...

USD/JPY is staying in range below 105.80 and intraday bias remains neutral first. On the upside, break of 105.80 will resume the rebound from 104.00 to 106.94 resistance next. on the downside, break of 104.92 will suggest completion of rebound from 104.00. Intraday bias will be turned back to the downside for retesting this 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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.96; (P) 105.32; (R1) 105.69; More...

Intraday bias in USD/JPY remains neutral for the moment. On the upside, break of 105.80 will resume the rebound from 104.00 to 106.94 resistance next. on the downside, break of 104.92 will suggest completion of rebound from 104.00. Intraday bias will be turned back to the downside for retesting this 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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

USD/JPY edged higher to 105.80 last week but retreat sharply since then. Though, downside is held above 104.92 minor support. Initial bias is neutral this week first. on the upside, break of 105.80 will resume the rebound from 104.00 to 106.94 resistance next. on the downside, break of 104.92 will suggest completion of rebound from 104.00. Intraday bias will be turned back to the downside for retesting this 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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

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) 105.40; (P) 105.57; (R1) 105.72; More...

Intraday bias in USD/JPY remains neutral with focus on 104.92 support. Firm break there will indicate that rebound from 104.00 has completed. Intraday bias will be turned back to the downside for 104.00. Break there will resume larger down trend from 111.71. On the upside, though, break of 105.80 resistance will resume rebound from 104.00 to 106.94 resistance, to confirm completion of the near term down trend.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.40; (P) 105.57; (R1) 105.72; More...

Focus is back on 104.92 minor support with today’s sharp decline. Firm break there will indicate that rebound from 104.00 has completed. Intraday bias will be turned back to the downside for 104.00. Break there will resume larger down trend from 111.71. On the upside, though, break of 105.80 resistance will resume rebound form 104.00 to 106.94 resistance, to confirm completion of the near term down trend.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.55; (R1) 105.70; More...

No change in USD/JPY’s outlook. Upside momentum is unconvincing with 4 hour MACD staying below signal line. But with 104.92 support intact, further rise is still in favor. Sustained break of 55 day EMA (now at 105.94) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.55; (R1) 105.70; More...

No change in USD/JPY’s outlook despite loss of upside momentum. Further rise is still in favor with 104.92 minor support intact. Sustained break of 55 day EMA (now at 105.94) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.44; (P) 105.59; (R1) 105.82; More...

USD/JPY’s rebound from 104.00 is still in progress despite some loss of upside momentum. Sustained break of 55 day EMA (now at 105.96) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.44; (P) 105.59; (R1) 105.82; More...

USD/JPY is losing some upside momentum but further rise is still in favor with 104.92 minor support intact. Sustained break of 55 day EMA (now at 105.96) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.48; (R1) 105.70; More...

With 104.92 support intact, further rise is expected in USD/JPY for 55 day EMA (now at 105.97). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.48; (R1) 105.70; More...

Intraday bias in USD/JPY remains neutral as consolidation from 105.70 is extending. With 104.92 support intact, further rise is in favor. On the upside, break of will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.97). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76; More...

Intraday bias in USD/JPY stays neutral for consolidations below 105.70 temporary top. Further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76; More...

Intraday bias in USD/JPY is turned neutral with a temporary top in place at 105.70. Some consolidations but further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

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. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.