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

Intraday bias in USD/JPY remains neutral for the moment. Immediate focus stays on 109.32 support. Break there will argue that choppy rebound from 107.47 has completed. Intraday bias will be turned back to the downside for 108.55 support, and then 107.47. On the upside, above 110.32 will resume the rebound to retest 110.95 high instead.

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.

USD/JPY rose to 110.32 last week but dropped sharply since then. Initial bias remains neutral this week first, with immediate focus on 109.32 support. Break there will argue that choppy rebound from 107.47 has completed. Intraday bias will be turned back to the downside for 108.55 support, and then 107.47. On the upside, above 110.32 will resume the rebound to retest 110.95 high instead.

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.

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) 109.36; (P) 109.62; (R1) 109.84; More…

USD/JPY retreated sharply after hitting 110.32 and intraday bias is turned neutral again. Another rise is in favor as long as 109.32 minor support holds. Above 110.32 should resume the rise from 107.47 to retest 110.95 high. However, break of 109.32 will turn bias back to the downside for 108.55, and below.

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.

Daily Pivots: (S1) 109.36; (P) 109.62; (R1) 109.84; More…

Break of 110.19 resistance suggests that choppy rise from 107.42 has resumed. Intraday bias in USD/JPY is back on the upside for retesting 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. For now, further rally will remain in favor as long as 109.32 support holds. However, break of 109.32 will turn bias back to the downside for 108.55, and below.

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.

Daily Pivots: (S1) 109.36; (P) 109.62; (R1) 109.84; More…

USD/JPY rebounds notably today but stays below 110.19 minor resistance. Intraday bias remains neutral for the moment. With 108.55 support intact, further rise remains in favor too. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.36; (P) 109.62; (R1) 109.84; More…

Intraday bias in USD/JPY remains neutral for the moment, as sideway trading continues. With 108.55 support intact, further rise remains in favor too. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.32; (P) 109.51; (R1) 109.70; More…

Range trading continues in USD/JPY and intraday bias remains neutral for the moment. With 108.55 support intact, further rise remains in favor too. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.32; (P) 109.51; (R1) 109.70; More…

Consolidation form 110.19 continues and intraday bias in USD/JPY remains neutral at this point. With 108.55 support intact, further rise remains in favor too. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.30; (P) 109.62; (R1) 109.88; More…

Intraday bias in USD/JPY remains neutral for the moment. Further rise is mildly in favor with 108.55 support intact. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.30; (P) 109.62; (R1) 109.88; More…

USD/JPY is staying in range below 110.19 temporary top and intraday bias remains neutral for the moment. Further rise is mildly in favor with 108.55 support intact. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.68; (P) 109.94; (R1) 110.13; More…

Intraday bias in USD/JPY remains neutral first, but further rise is in favor with 108.55 support intact. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

Daily Pivots: (S1) 109.68; (P) 109.94; (R1) 110.13; More…

Intraday bias in USD/JPY is turned neutral with today’s retreat, but another rise is in favor as long as 108.55 support holds. On the upside, above 110.19 will resume the rise from 107.47 to retest 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

USD/JPY’s rise form 107.47 resumed last week by breaking through 109.77 resistance. Initial bias stays on the upside this week for retesting 110.95 high. Firm break there will resume larger rise from 102.58 to 111.71 resistance next. On the downside, break of 108.55 will turn bias to the downside for 107.47 support instead.

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.

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) 109.28; (P) 109.60; (R1) 110.16; More…

Intraday bias in USD/JPY remains on the upside, as rise from 107.47 is targeting a test on 110.95 high. On the downside, below 109.74 minor support will turn intraday bias neutral first. But break of 108.55 support is needed to confirm completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 109.28; (P) 109.60; (R1) 110.16; More…

USD/JPY’s break of 109.77 resistance suggests resumption of rise from 107.47. Intraday bias is back on the upside for retesting 110.95 high next. For now, break of 108.55 support is needed to confirm completion of the rebound. Otherwise, further rise will remain mildly in favor in case of retreat.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 108.84; (P) 109.01; (R1) 109.30; More…

USD/JPY rebound strongly today but stays in range of 108.34/109.77. Intraday bias remains neutral at this point. On the upside, above 109.77 will resume the rebound from 107.47 to retest 110.95 high. On the downside, break of 108.34 will turn bias back to the downside for 107.47 support and below.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 108.84; (P) 109.01; (R1) 109.30; More…

Intraday bias in USD/JPY remains neutral and outlook is unchanged. On the upside, above 109.77 will resume the rebound from 107.47 to retest 110.95 high. On the downside, break of 108.34 will turn bias back to the downside for 107.47 support and below.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 108.53; (P) 108.80; (R1) 109.04; More…

Range trading continues in USD/JPY and intraday bias remains neutral first. On the upside, above 109.77 will resume the rebound from 107.47 to retest 110.95 high. On the downside, break of 108.34 will turn bias back to the downside for 107.47 support and below.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 108.53; (P) 108.80; (R1) 109.04; More…

Intraday bias in USD/JPY remains neutral as sideway trading continues. On the upside, above 109.77 will resume the rebound from 107.47 to retest 110.95 high. On the downside, break of 108.34 will turn bias back to the downside for 107.47 support and below.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.

Daily Pivots: (S1) 108.65; (P) 108.82; (R1) 108.95; More…

Range trading continues in USD/JPY and intraday bias remains neutral for the moment. On the upside, above 109.77 will resume the rebound from 107.47 to retest 110.95 high. On the downside, break of 108.34 will turn bias back to the downside for 107.47 support and below.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. We’d monitor the structure of the fall from 110.95, to assess whether it’s just correction to rise from 102.58 to 110.95, or a leg of a range pattern between 101.18 and 111.71, or starting another leg of the long term down trend.