Daily Pivots: (S1) 109.21; (P) 109.54; (R1) 109.80; More..

USD/JPY’s fall from 110.28 is still in progress and intraday bias remains on the downside. Break of 55 day EMA (now at 109.15) will put focus on 107.65 key support. On the upside, break of 109.76 minor resistance will turn bias back to the upside for retesting 110.28 high instead.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.75; (P) 109.93; (R1) 110.02; More..

Intraday bias in USD/JPY remains on the downside at this point. Corrective fall from 110.28 is in progress to 55 day EMA (now at 109.12). Break will put focus on 107.65 key support. On the upside, break of 109.76 minor resistance will turn bias back to the upside for retesting 110.28 high instead.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.75; (P) 109.93; (R1) 110.02; More..

USD/JPY’s break of 109.76 minor support confirms short term topping at 110.28, after hitting channel resistance. Intraday bias is turned back to the downside for 55 day EMA (now at 109.14). Break will put focus on 107.65 key support. On the upside, break of 110.28 will resume whole rebound from 104.45 instead.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.67; (P) 109.95; (R1) 110.13; More..

Intraday bias in USD/JPY stays neutral first. On the downside, break of 109.76 should confirm short term topping at 110.28. Intraday bias will be turned to the downside for 55 day EMA (now at 109.10). On the upside, break of 110.28 will resume larger rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.67; (P) 109.95; (R1) 110.13; More..

Intraday bias in USD/JPY remains neutral for the moment and further rise is in favor with 109.79 minor support intact. On the upside above 110.28 will resume larger rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 109.10).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 110.11; (P) 110.17; (R1) 110.23; More..

Intraday bias in USD/JPY remains neutral this point. Further rise is expected as long as 109.79 minor support holds. Above 110.28 will resume larger rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, , break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 109.10).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 110.11; (P) 110.17; (R1) 110.23; More..

Intraday bias in USD/JPY is turned neutral with the current retreat. Further rise is expected as long as 109.79 minor support holds. Above 110.28 will resume larger rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, , break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 109.10).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 110.05; (P) 110.17; (R1) 110.29; More..

With 109.79 minor support, further rise is expected in USD/JPY. Current rally from 104.45 should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, , break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 109.07).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 110.05; (P) 110.17; (R1) 110.29; More..

Upside momentum in USD/JPY is a bit unconvincing as seen in 4 hour MACD. But with 109.79 minor support intact, further rise is expected. Current rally from 104.45 should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, , break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 109.07).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

USD/JPY’s rise from 104.45 resumed by breaking 109.72 resistance. Initial bias stays on the upside this week. Next target is 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, , break of 109.79 support will indicate short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 108.98).

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

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) 109.96; (P) 110.07; (R1) 110.28; More..

Intraday bias in USD/JPY remains on the upside with 109.79 minor support intact. Current rise from 104.45 is in progress and should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. Nevertheless, break of 109.79 support will confirm short term topping and bring deeper pull back.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.96; (P) 110.07; (R1) 110.28; More..

break of 110.21 temporary top suggests rally resumption. Intraday bias in USD/JPY is turned back to the upside. Whole rally from 104.45 is in progress and should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. Nevertheless, break of 109.79 support will confirm short term topping and bring deeper pull back.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.80; (P) 109.90; (R1) 110.02; More..

Intraday bias in USD/JPY remains neutral for consolidation below 110.21 temporary top. In case of deeper retreat, downside should be contained by 109.24 minor support to bring rally resumption. On the upside, break of 110.21 will extend whole rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.80; (P) 109.90; (R1) 110.02; More..

USD/JPY is staying in consolidation from 110.21 temporary top and intraday bias remains neutral first. Downside of retreat should be contained by 109.24 minor support to bring rally resumption. On the upside, break of 110.21 will extend whole rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.84; (P) 110.02; (R1) 110.19; More..

Intraday bias in USD/JPY remains neutral for consolidation below 110.21 temporary top. Downside of retreat should be contained by 109.24 minor support to bring rally resumption. On the upside, break of 110.21 will extend whole rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.84; (P) 110.02; (R1) 110.19; More..

A temporary top is formed at 110.21 after USD/JPY hit near term channel resistance. Intraday bias is turned neutral for some consolidations. Downside of retreat should be contained by 109.24 minor support to bring rally resumption. On the upside, break of 110.21 will extend whole rise from 104.45 to 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.65; (P) 109.80; (R1) 110.09; More..

Intraday bias in USD/JPY remains on the upside at this point. Current rally from 104.45 should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, below 109.43 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.65; (P) 109.80; (R1) 110.09; More..

USD/JPY’s rally extends to as high as 110.21 so far and intraday bias remains on the upside. Current rally from 104.45 should target 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, below 109.43 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.40; (P) 109.55; (R1) 109.65; More..

USD/JPY rises to as high as 109.92 so far today. break of 109.72 resistance suggests resumption of whole rise form 104.45. Intraday bias is back on the upside for 100% projection of 106.48 to 109.72 from 107.65 at 110.89 next. On the downside, below 109.43 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.

Daily Pivots: (S1) 109.40; (P) 109.55; (R1) 109.65; More..

Intraday bias in USD/JPY remains neutral at this point with focus on 109.72 resistance. Decisive break there will resume whole rise from 104.45 to channel resistance (now at 111.46). On the downside, break of 109.00 minor support will turn bias to the downside for 38.2% retracement of 104.45 to 109.72 at 107.70.

In the bigger picture, USD/JPY is staying in long term falling channel that started at 118.65 (Dec. 2016). There is no clear indication of trend reversal yet. Hence, rise from 104.45 is seen as a correction and down trend could still extend through 104.45 low. However, sustained break of the channel resistance will be an important sign of bullish reversal and target 114.54 resistance for confirmation.