Daily Pivots: (S1) 109.99; (P) 110.41; (R1) 110.64; More…

Intraday bias in USD/JPY stays neutral for the moment. Focus stays on 110.95 high. Decisive break there will resume larger up trend from 102.58 to 111.71 key resistance next. However, break of 109.79 support will suggest rejection by 110.95. Intraday bias will be turned back to the downside for 109.17 support. Break there will extend the consolidation pattern from 110.95 with another falling leg, targeting 107.47 support again.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.99; (P) 110.41; (R1) 110.64; More…

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed below signal line. Focus stays on 110.95 high. Decisive break there will resume larger up trend from 102.58 to 111.71 key resistance next. However, break of 109.79 support will suggest rejection by 110.95. Intraday bias will be turned back to the downside for 109.17 support. Break there will extend the consolidation pattern from 110.95 with another falling leg, targeting 107.47 support again.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.98; (P) 110.08; (R1) 110.16; More…

Intraday bias in USD/JPY remains on the upside with focus on 110.95 high. Decisive break there will resume larger up trend from 102.58 to 111.71 key resistance next. However, break of 109.79 support will suggest rejection by 110.95. Intraday bias will be turned back to the downside for 109.17 support. Break there will extend the consolidation pattern from 110.95 with another falling leg, targeting 107.47 support again.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.98; (P) 110.08; (R1) 110.16; More…

Intraday bias in USD/JPY is back on the upside as rise from 107.47 resumes through 110.32. Further rise should be seen to 110.95 high next. Decisive break there will resume larger up trend from 102.58 to 111.71 key resistance next. On the downside, break of 109.75 minor support will turn intraday bias neutral first.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.98; (P) 110.08; (R1) 110.16; More…

Intraday bias in USD/JPY remains neutral as range trading continues. On the upside, above 110.32 will resume the rise from 107.47. Intraday bias will be turned back to the upside for retesting 110.95 high. On the downside, below 109.17 will target 108.55 support, and then 107.47.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.98; (P) 110.08; (R1) 110.16; More…

USD/JPY is still bounded in range of 109.17/110.32 and intraday bias stays neutral at this point. On the upside, above 110.32 will resume the rise from 107.47. Intraday bias will be turned back to the upside for retesting 110.95 high. On the downside, below 109.17 will target 108.55 support, and then 107.47.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.76; (P) 109.93; (R1) 110.25; More…

USD/JPY is staying in range of 109.17/110.32 and intraday bias remains neutral first. On the upside, above 110.32 will resume the rise from 107.47. Intraday bias will be turned back to the upside for retesting 110.95 high. On the downside, below 109.17 will target 108.55 support, and then 107.47.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.76; (P) 109.93; (R1) 110.25; More…

Intraday bias in USD/JPY remains neutral at this point. On the upside, above 110.32 will resume the rise from 107.47. Intraday bias will be turned back to the upside for retesting 110.95 high. On the downside, below 109.17 will target 108.55 support, and then 107.47.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.39; (P) 109.62; (R1) 109.91; More…

Outlook in USD/JPY is unchanged. Intraday bias stays neutral and risk remains on the downside with 110.32 resistance intact. Corrective rise from 107.47 could have completed at 110.32 already. Break of 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.39; (P) 109.62; (R1) 109.91; More…

Intraday bias in USD/JPY remains neutral and risk stays on the downside with 110.32 resistance intact. Corrective rise from 107.47 could have completed at 110.32 already. Break of 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

USD/JPY dropped to 109.17 last week but quickly recovered. Initial bias remains neutral this week first. Corrective rise from 107.47 could have completed at 110.32 already. Risk will stay on the downside, and break of 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

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 pattern 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) 109.15; (P) 109.48; (R1) 109.64; More…

Outlook in USD/JPY remains unchanged. Intraday bias remains neutral and risk stays on the downside with 110.32 resistance intact. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.15; (P) 109.48; (R1) 109.64; More…

Intraday bias in USD/JPY remains neutral at this point. Risk stays on the downside with 110.32 resistance intact. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.35; (P) 109.51; (R1) 109.78; More…

Intraday bias in USD/JPY remains neutral and risk stays on the downside with 110.32 resistance intact. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.35; (P) 109.51; (R1) 109.78; More…

USD/JPY is staying in tight range above 109.17 and intraday bias remains neutral. Also, risk stays on the downside with 110.32 resistance intact. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the third leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.27; (P) 109.41; (R1) 109.63; More…

Intraday bias in USD/JPY remains neutral at this point, and risk stays on the downside as long as 110.32 resistance holds. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the first leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.27; (P) 109.41; (R1) 109.63; More…

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed above signal line. But risk stays on the downside as long as 110.32 resistance holds. Corrective rise from 107.47 should have completed at 110.32. Below 109.17 will target 108.55 support first. Break there should indicate that pattern from 110.95 has started the first leg already and target 107.47 support next.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.09; (P) 109.36; (R1) 109.54; More…

Intraday bias in USD/JPY stays mildly on the downside for the moment. As noted before, corrective rise from 107.47 should have completed at 110.32. Deeper fall would be seen to 108.55 support first. Break there should indicate that pattern from 110.95 has started the first leg already and target 107.47 support next. For now, risk will stay mildly on the downside as long as 110.32 holds, in case of recovery.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.09; (P) 109.36; (R1) 109.54; More…

Intraday bias in USD/JPY remains mildly on the downside at this point. Corrective rise from 107.47 should have completed at 110.32. Deeper fall would be seen to 108.55 support first. Break there should indicate that pattern from 110.95 has started the first leg already. Deeper fall would be seen to 107.47 support next. For now, risk will stay mildly on the downside as long as 110.32 holds, in case of recovery.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.

Daily Pivots: (S1) 109.15; (P) 109.74; (R1) 110.12; More…

USD/JPY’s break of 109.32 minor support suggests that corrective rise from 107.47 has completed at 110.32. Intraday bias is back on the downside for 108.55 support first. Break there should indicate that pattern from 110.95 has started the first leg already. Deeper fall would be seen to 107.47 support next. For now, risk will stay mildly on the downside as long as 110.32 holds, in case of recovery.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. Though, as notable support was seen from 55 day EMA, rise from 102.58 is mildly in favor to extend higher. Decisive break of 111.71/112.22 resistance will suggest medium term bullish reversal. Rise from 101.18 could then target 118.65 resistance (Dec 2016) and above. However, sustained break of 55 day EMA would revive some medium term bearishness, and open up deep fall to 61.8% retracement of 102.58 to 110.95 at 105.77 and below.