Daily Pivots: (S1) 132.06; (P) 133.06; (R1) 134.42; More…

Immediate focus remains on 134.49 resistance in USD/JPY. Considering bullish convergence condition in 4 hour MACD, firm break of 134.49 should confirm short term bottoming. Bias will be turned back to the upside for 138.16 cluster resistance (38.2% retracement of 151.93 to 129.49 at 138.06. On the downside, break of 129.49 will resume the whole decline from 151.93 instead.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.26) holds.

Daily Pivots: (S1) 132.06; (P) 133.06; (R1) 134.42; More…

Intraday bias in USD/JPY stays neutral first with focus on 134.49 resistance. Considering bullish convergence condition in 4 hour MACD, firm break of 134.49 should confirm short term bottoming. Bias will be turned back to the upside for 138.16 cluster resistance (38.2% retracement of 151.93 to 129.49 at 138.06. On the downside, break of 129.49 will resume the whole decline from 151.93 instead.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.26) holds.

Daily Pivots: (S1) 130.82; (P) 131.77; (R1) 133.61; More…

USD/JPY’s rebound from 129.49 extends higher today but stays below 134.49 resistance. Intraday bias remains neutral first. Considering bullish convergence condition in 4 hour MACD, firm break of 134.49 should confirm short term bottoming. Bias will be turned back to the upside for 138.16 cluster resistance (38.2% retracement of 151.93 to 129.49 at 138.06. On the downside, break of 129.49 will resume the whole decline from 151.93 instead.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.26) holds.

Daily Pivots: (S1) 130.82; (P) 131.77; (R1) 133.61; More…

Intraday bias in USD/JPY stays neutral and outlook remains bearish as long as 134.49 resistance holds. On the downside, firm break of 61.8% projection of 148.44 to 133.61 from 138.16 at 128.99 could trigger downside acceleration to 100% projection at 123.33. Nevertheless, break of 134.49 will turn bias to the upside for 138.16 resistance intact.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.54) holds.

Daily Pivots: (S1) 129.87; (P) 130.64; (R1) 131.76; More…

Intraday bias in USD/JPY remains neutral for the moment. Outlook stays bearish as long as 134.49 resistance holds. On the downside, firm break of 61.8% projection of 148.44 to 133.61 from 138.16 at 128.99 could trigger downside acceleration to 100% projection at 123.33.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.54) holds.

Daily Pivots: (S1) 129.87; (P) 130.64; (R1) 131.76; More…

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed above signal line. But outlook stays bearish as long as 134.49 resistance holds. On the downside, firm break of 61.8% projection of 148.44 to 133.61 from 138.16 at 128.99 could trigger downside acceleration to 100% projection at 123.33.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.54) holds.

Daily Pivots: (S1) 130.50; (P) 130.79; (R1) 130.96; More…

Intraday bias in USD/JPY remains on the downside for the moment. Current decline from 151.93 is in progress. Firm break of 61.8% projection of 148.44 to 133.61 from 138.16 at 128.99 could trigger downside acceleration to 100% projection at 123.33. For now, outlook will remain bearish as long as 134.49 support holds, in case of recovery.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.54) holds.

Daily Pivots: (S1) 130.50; (P) 130.79; (R1) 130.96; More…

USD/JPY’s decline from 161.93 resumed by breaking through 130.55 support and intraday bias is back on the downside. Next target is 61.8% projection of 148.44 to 133.61 from 138.16 at 128.99. Firm break there could trigger downside acceleration to 100% projection at 123.33. For now, outlook will remain bearish as long as 134.49 support holds, in case of recovery.

In the bigger picture, a medium term top was in place at 151.93. Sustained trading below 55 week EMA (now at 131.65) would raise the chance of bearish trend reversal. Deeper fall would be seen to 61.8% retracement of 102.58 to 151.93 at 121.43. This will now remain the favored case as long as 55 day EMA (now at 137.54) holds.

Daily Pivots: (S1) 132.45; (P) 133.45; (R1) 134.03; More…

Break of 132.61 minor support argues that recovery form 130.55 has completed earlier than expected at 134.49. Intraday bias is back on the downside for 130.55 support. On the upside, above 134.49 should resume the rebound through near term channel resistance, towards 38.2% retracement of 151.93 to 130.55 at 138.71.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 132.90; (P) 133.25; (R1) 133.86; More…

USD/JPY’s recovery lost momentum after hitting 134.49 and intraday bias is turned neutral first. On the upside, above 134.49 should resume the rebound through near term channel resistance, towards 38.2% retracement of 151.93 to 130.55 at 138.71 first. On the downside, however, break of 132.62 minor support will bring retest of 130.55 instead.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 132.90; (P) 133.25; (R1) 133.86; More…

Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 130.55 short term bottom would extend to 38.2% retracement of 151.93 to 130.55 at 138.71 first. On the downside, however, break of 132.62 minor support will bring retest of 130.55 instead.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 132.90; (P) 133.25; (R1) 133.86; More…

A short term bottom should be formed at 130.55 in USD/JPY, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside. Further rise should be seen back to 38.2% retracement of 151.93 to 130.55 at 138.71 first. On the downside, however, break of 132.62 minor support will bring retest of 130.55 instead.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 132.36; (P) 132.80; (R1) 133.33; More…

Intraday bias in USD/JPY stays neutral first . On the upside, firm break of 133.61 support turned resistance will indicate short term bottoming, after defending 55 week EMA (now at 131.78). Bias will be back on the upside for 138.16 resistance. However, sustained break of 55 week EMA will pave the way to next fibonacci level at 121.43.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 132.36; (P) 132.80; (R1) 133.33; More…

Intraday bias in USD/JPY stays neutral at this point. Immediate focus remains on 55 week EMA (now at 131.78). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias back to the upside for 138.16 resistance.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 131.78; (P) 132.24; (R1) 132.85; More…

USD/JPY is still bounded in tight range above 130.55 and intraday bias remains neutral. Immediate focus remains on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias back to the upside for 138.16 resistance.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 131.81; (P) 132.17; (R1) 132.83; More…

Intraday bias in USD/JPY stays neutral and outlook is unchanged. Immediate focus remains on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias back to the upside for 138.16 resistance.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 131.81; (P) 132.17; (R1) 132.83; More…

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed above signal line. Immediate focus stays on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias back to the upside for 138.16 resistance.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 129.04; (P) 133.26; (R1) 135.95; More…

No change in USD/JPY’s outlook and intraday bias stays on the downside, with immediate focus on on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 138.16 resistance holds, in case of recovery.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 129.04; (P) 133.26; (R1) 135.95; More…

Intraday bias in USD/JPY remains on the downside, with immediate focus on on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. On the upside, above 133.61 support turned resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 138.16 resistance holds, in case of recovery.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.

Daily Pivots: (S1) 136.05; (P) 136.61; (R1) 137.46; More…

Intraday bias in USD/JPY remains on the downside at this point. Immediate focus is now on 55 week EMA (now at 131.76). Decisive break there will pave the way to next fibonacci level at 121.43. For now, risk will stay on the downside as long as 138.16 resistance holds, in case of recovery.

In the bigger picture, price actions from 151.93 medium term could be just a corrective pattern to up trend from 102.58 (2021 low). Strong support from 38.2% retracement of 102.58 to 151.93 at 133.07 and 55 week EMA (now at 131.76) will set the range for such corrective pattern. However, sustained break of 55 week EMA will pave the way to 61.8% retracement at 121.43.