Daily Pivots: (S1) 107.13; (P) 107.38; (R1) 107.56; More...

USD/JPY is staying consolidation from 106.57 and intraday bias remains neutral at this point. Further decline will remain in favor as long as 108.24 minor resistance holds. On the downside, break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.05; (P) 107.31; (R1) 107.62; More..

Intraday bias in USD/JPY remains neutral for the moment. Further decline will remain in favor as long as 108.24 minor resistance holds. On the downside, break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.05; (P) 107.31; (R1) 107.62; More..

Outlook in USD/JPY remains unchanged and intraday bias stays neutral first. Further decline will remain in favor as long as 108.24 minor resistance holds. On the downside, break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 106.78; (P) 107.16; (R1) 107.74; More..

Intraday bias in USD/JPY remains neutral for the moment. Consolidation from 106.57 temporary low might extend. But further decline will remain in favor as long as 108.24 minor resistance holds. On the downside, break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 106.78; (P) 107.16; (R1) 107.74; More..

Intraday bias in USD/JPY remains neutral for the moment and some consolidations could be seen above 106.57 temporary low. Further decline will remain in favor as long as 108.24 minor resistance holds. On the downside, break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

USD/JPY dropped to as low as 106.57 as corrective pattern from 111.71 extended with a third leg. As a temporary low was formed, initial bias is neutral this week first. Further decline is mildly in favor and break of 106.57 will target 105.98 support and below. But downside should be contained by 61.8% retracement of 101.18 to 111.71 at 105.20 to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 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) 106.55; (P) 106.90; (R1) 107.21; More..

Intraday bias in USD/JPY remains neutral for consolidation above 106.57 temporary low. Another fall is expected as long as 108.24 minor resistance holds. Break of 106.57 will target 105.98 support and below. At this point, the pattern from 111.71 is seen as a correction. We’d expect strong support from 61.8% retracement of 101.18 to 111.71 at 105.20 to contain downside to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 106.55; (P) 106.90; (R1) 107.21; More..

A temporary low is formed at 106.57 with today’s recovery. Intraday bias is turned neutral for some consolidations. Another fall is expected as long as 108.24 minor resistance holds. Break of 106.57 will target 105.98 support and below. At this point, the pattern from 111.71 is seen as a correction. We’d expect strong support from 61.8% retracement of 101.18 to 111.71 at 105.20 to contain downside to bring rebound. On the upside, break of 108.24 will turn bias back to the upside for 109.85 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 106.79; (P) 107.34; (R1) 107.68; More..

No change in USD/JPY’s outlook and intraday bias stays on the downside. Fall from 109.85 is in progress for 105.98 support and below. At this point, the pattern from 111.71 is seen as a correction. We’d expect strong support from 61.8% retracement of 101.18 to 111.71 at 105.20 to contain downside to bring rebound. On the upside, above 107.87 minor resistance will turn intraday bias neutral first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 106.79; (P) 107.34; (R1) 107.68; More..

Intraday bias in USD/JPY remains on the downside at this point. With 107.08 support taken out, further fall should be seen to 105.98 next. At this point, the pattern from 111.71 is seen as a correction. We’d expect strong support from 61.8% retracement of 101.18 to 111.71 at 105.20 to contain downside to bring rebound. On the upside, above 107.87 minor resistance will turn intraday bias neutral first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is no clear indication of trend reversal yet. Break of 105.98 support could extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.39; (P) 107.97; (R1) 108.32; More..

Intraday bias in USD/JPY remains on the downside at this point. Fall from 109.85 is seen as the third leg of the pattern from 111.71. Break of 107.08 would target a test on 105.98 support. On the upside, above 107.42 minor resistance will turn intraday bias neutral first. But risk will stay mildly on the downside as long as 109.85 resistance holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.39; (P) 107.97; (R1) 108.32; More..

USD/JPY drops to as low as 107.38 so far today and intraday bias remains on the downside. Fall from 109.85 is seen as the third leg of the pattern from 111.71. Break of 107.08 would target a test on 105.98 support. On the upside, above 107.42 minor resistance will turn intraday bias neutral first. But risk will stay mildly on the downside as long as 109.85 resistance holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.89; (P) 108.79; (R1) 109.34; More..

Intraday bias in USD/JPY remains on the downside at this point. Corrective rise from 105.98 has completed with three waves up to 109.85. Consolidation pattern from 111.71 is in the third leg. Deeper fall would be seen to 105.98. On the upside, above 108.54 minor resistance will turn intraday bias neutral first. But risk will stay mildly on the downside as long as 109.85 resistance holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 107.89; (P) 108.79; (R1) 109.34; More..

USD/JPY’s fall from 109.85 extended to as low as 107.91 today. Break of 108.08 resistance turned support argue that rebound from 105.98 has completed with three waves up to 109.85. The development argues that the pattern from 111.71 is possibly in the third leg. Intraday bias is back to the downside for 107.08. Break will target 105.98. For now, risk will stay mildly on the downside as long as 109.85 resistance holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 109.15; (P) 109.50; (R1) 109.95; More..

A temporary top is formed at 109.85 with today’s retreat. Intraday bias in USD/JPY is turned neutral for some consolidations first. Downside should be contained above 108.06 resistance turned support to bring another rally. On the upside, break of 109.85 will resume the rise from 105.98 to retest 111.71/112.22 resistance zone. Decisive break there will carry larger bullish implications.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 109.15; (P) 109.50; (R1) 109.95; More..

Intraday bias in USD/JPY remain son the upside at this point. rebound from 105.98 is in progress for 111.71/112.22 resistance zone. Decisive break there will carry larger bullish implications. On the downside, below 108.61 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

USD/JPY’s rebound from 105.98 resumed last week and hit as high as 109.85. Initial bias remains on the upside this week for retesting 111.71112.22 resistance zone. Decisive break there will carry larger bullish implications. On the downside, below 108.61 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec2016). Hence, there is clear indication of trend reversal yet. Break of 105.98 support would extend the down trend through 101.18 low. However, sustained break of 112.22 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) 108.79; (P) 109.00; (R1) 109.37; More..

USD/JPY rises to as high as 109.69 so far and broke 109.38 resistance. Intraday bias remains on the upside for a test on 111.71 resistance next. On the downside, below 108.61 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 108.79; (P) 109.00; (R1) 109.37; More..

USD/JPY’s rally resumes after brief retreat is focus is now on 109.38 resistance. Sustained break there will extend the rise from 105.98 to retest 111.71 high. For now, further rally will remain in favor as long as 108.08 resistance turned support holds, in case of retreat.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 108.57; (P) 108.77; (R1) 109.13; More..

Intraday bias in USD/JPY is turned neutral as a temporary top is formed at 109.16, ahead of 109.38 resistance. Some consolidations could be seen but further rally will remain in favor as long as 107.08 support holds. On the upside, break of 109.38 will target a test on 111.71 high.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.