Daily Pivots: (S1) 107.93; (P) 108.28; (R1) 108.75; More..

USD/JPY’s rally is still in progress and intraday bias stays on the upside. Current rally from 102.58 should target long term channel resistance at 110.02 next. Decisive break there will carry larger bullish implications. On the downside, below 107.81 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay bullish as long as 106.21 resistance turned support holds.

In the bigger picture, focus is now back on long term channel resistance (now at 110.02). Sustained break there will indicate that the down trend from 118.65 (Dec 2016) has completed. Further break of 112.22 resistance will confirm this bullish case and target 118.65 next. However, rejection by the channel resistance will keep medium term outlook bearish.

Daily Pivots: (S1) 107.93; (P) 108.28; (R1) 108.75; More..

Intraday bias in USD/JPY remains on the upside at this point. Current rally from 102.58 should target long term channel resistance at 110.02 next. Decisive break there will carry larger bullish implications. On the downside, below 107.81 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay bullish as long as 106.21 resistance turned support holds.

In the bigger picture, focus is now back on long term channel resistance (now at 110.02). Sustained break there will indicate that the down trend from 118.65 (Dec 2016) has completed. Further break of 112.22 resistance will confirm this bullish case and target 118.65 next. However, rejection by the channel resistance will keep medium term outlook bearish.

USD/JPY’s rise form 102.58 accelerated to as high as 108.68 last week. There is no sign of topping yet. Initial bias stays on the upside this week for long term channel resistance at 110.02 next. On the downside, below 107.81 minor support will turn intraday bias neutral and bring consolidations. But further rally is expected as long as 106.21 resistance turned support holds.

In the bigger picture, focus is now back on long term channel resistance (now at 110.02). Sustained break there will indicate that the down trend form 118.65 (Dec 2016) has completed. Further break of 112.22 resistance will confirm this bullish case and target 118.65 next. However, rejection by the channel resistance will keep medium term outlook bearish.

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) 107.31; (P) 107.64; (R1) 108.32; More..

Intraday bias in USD/JPY remains on the upside at this point. Sustained break of 61.8% retracement of 111.71 to 102.58 at 108.22 will raise the chance of larger trend reversal and target trend line resistance at 110.01 next. On the downside, below 107.81 minor support will turn intraday bias neutral first. But further rally is expected as long as 106.21 resistance turned support holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Sustained break of channel resistance (now at 110.01) will argue that such down trend has completed. Further break of 112.22 resistance will confirm and pave the way back to 118.65. Nevertheless, rejection by the channel resistance will keep medium term outlook bearish.

Daily Pivots: (S1) 107.31; (P) 107.64; (R1) 108.32; More..

Intraday bias in USD/JPY remains on the upside with focus on 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger trend reversal and target trend line resistance at 110.01 next. On the downside, below 107.35 minor support will turn intraday bias neutral first. But further rally is expected as long as 106.21 resistance turned support holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Sustained break of channel resistance (now at 110.01) will argue that such down trend has completed. Further break of 112.22 resistance will confirm and pave the way back to 118.65. Nevertheless, rejection by the channel resistance will keep medium term outlook bearish.

Daily Pivots: (S1) 106.74; (P) 106.95; (R1) 107.21; More..

USD/JPY rises further to as high as 107.48 so far. Break of near term channel resistance indicates upside acceleration. Intraday bias stays on the upside for 61.8% retracement of 111.71 to 102.58 at 108.22. On the downside, break of 106.21 resistance turned support is needed to indicate short term topping. Otherwise, outlook will stay cautiously bullish in case of retreat.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.74; (P) 106.95; (R1) 107.21; More..

Intraday bias in USD/JPY remains on the upside at this point. Current rally from 102.58 should target 61.8% retracement of 111.71 to 102.58 at 108.22. On the downside, below 106.66 minor support will turn intraday bias neutral again and bring consolidations. But still, outlook will stay bullish as long as 104.91 support holds, in case of another pull back.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.59; (P) 106.78; (R1) 106.87; More..

USD/JPY’s rally resumed after brief consolidation and intraday bias is back on the upside. Current rally from 102.58 should target 61.8% retracement of 111.71 to 102.58 at 108.22. On the downside, below 106.66 minor support will turn intraday bias neutral again. But still, outlook will stay bullish as long as 104.91 support holds, in case of another pull back.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.59; (P) 106.78; (R1) 106.87; More..

Intraday bias in USD/JPY is turned neutral as it retreated after hitting channel resistance. Some consolidations could be seen and deeper pull back cannot be ruled out. But outlook will stay bullish as long as 104.91 support holds. Break of 106.95 will resume the rally from 102.58 to 61.8% retracement of 111.71 to 102.58 at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.46; (P) 106.68; (R1) 106.98; More..

Outlook in USD/JPY remains unchanged and intraday bias stays on the upside. Current rise from 102.58 is in progress for 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 106.21 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay bullish as long as 104.91 support holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.46; (P) 106.68; (R1) 106.98; More..

USD/JPY’s rally is still in progress and intraday bias remains on the upside. Current rise from 102.58 is in progress for 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 106.21 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay bullish as long as 104.91 support holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.04; (P) 106.36; (R1) 106.88; More..

USD/JPY’s rally from 102.58 is still in progress and intraday bias stays on the upside. Current rally should target 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84 minor support 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 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

Daily Pivots: (S1) 106.04; (P) 106.36; (R1) 106.88; More..

Intraday bias in USD/JPY remains mildly on the upside at this point. Current rise form 102.58 should target 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84 minor support 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 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

USD/JPY’s rise form 102.58 resumed last week by breaking through 106.21. Initial bias stays on the upside this week for 61.8% retracement of 111.71 to 102.58 at 108.22. Sustained break there will raise the chance of larger bullish reversal, and target 111.71 resistance. On the downside, below 105.84 minor support 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 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.02).

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) 105.92; (P) 106.16; (R1) 106.48; More..

Intraday bias in USD/JPY remains mildly on the upside at this point. Current rebound from 102.58 would target 61.8% retracement of 111.71 to 102.58 at 108.22. However, break of 104.91 support will argue that the rebound has completed, and turn near term outlook bearish.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

Daily Pivots: (S1) 105.92; (P) 106.16; (R1) 106.48; More..

Break of 106.21 resistance suggests resumption of whole rebound from 102.58. Intraday bias is back on the upside. Further rally could be seen to 61.8% retracement of 111.71 to 102.58 at 108.22. However, break of 104.91 support will argue that the rebound has completed, and turn near term outlook bearish.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

Daily Pivots: (S1) 105.32; (P) 105.71; (R1) 106.24; More..

No change in USD/JPY’s outlook and focus stays on 106.21 resistance. Firm break there will resume rise from 102.58, to 61.8% retracement of 111.71 to 102.58 at 108.22. Rejection by 106.21 will bring more consolidations but further rally will remain in favor as long as 104.91 support holds. However, break of 104.91 should now indicate completion of the rise from 102.58 and turn near term outlook bearish.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

Daily Pivots: (S1) 105.32; (P) 105.71; (R1) 106.24; More..

Focus stays on 106.21 resistance in USD/JPY. Firm break there will resume rise from 102.58, to 61.8% retracement of 111.71 to 102.58 at 108.22. Rejection by 106.21 will bring more consolidations but further rally will remain in favor as long as 104.91 support holds. However, break of 104.91 should now indicate completion of the rise from 102.58 and turn near term outlook bearish.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

Daily Pivots: (S1) 104.98; (P) 105.21; (R1) 105.49; More..

Focus is now on 106.21 resistance with today’s strong rally. Firm break there will resume rise from 102.58, to 61.8% retracement of 111.71 to 102.58 at 108.22. Rejection by 106.21 will bring more consolidations but further rally will remain in favor as long as 104.91 support holds. However, break of 104.91 should now indicate completion of the rise from 102.58 and turn near term outlook bearish.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

Daily Pivots: (S1) 104.98; (P) 105.21; (R1) 105.49; More..

USD/JPY is staying in consolidation from 106.21 and intraday bias remains neutral first. With 104.40 support intact, further rise is in favor. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22. However, on the downside, break of 104.40 will turn bias to the downside for 103.31 support.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).