Daily Pivots: (S1) 127.09; (P) 128.24; (R1) 129.03; More…

USD/JPY is staying in consolidation from 129.39 and intraday bias remains neutral first. Deeper retreat cannot be ruled out but downside should be contained above 125.09 resistance turned support to bring another rally. On the upside, above 129.39 will resume larger up trend to 130.04 long term projection level next.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 127.09; (P) 128.24; (R1) 129.03; More…

Intraday bias in USD/JPY remains neutral for the moment. Consolidation from 129.39 temporary top is extending and deeper retreat cannot be ruled out. But downside should be contained above 125.09 resistance turned support to bring another rally. On the upside, above 129.39 will resume larger up trend to 130.04 long term projection level next.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 127.58; (P) 128.28; (R1) 129.58; More…

Intraday bias in USD/JPY is turned neutral with breach of 127.76 minor support. Deeper pull back could be seen. But downside should be contained by 125.09 resistance turned support to bring another rally. On the upside, above 129.39 will resume larger up trend to 130.04 long term projection level next.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 127.58; (P) 128.28; (R1) 129.58; More…

USD/JPY retreats after hitting 129.39, but intraday bias stays on the upside with 127.76 minor support intact. Current up trend should target 130.04 long term projection level next. On the downside, break of 127.76 minor support will bring deeper pull back. But near term outlook will remain bullish as long as 125.09 resistance turned support holds.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 126.50; (P) 126.75; (R1) 127.25; More…

Intraday bias in USD/JPY remains on the upside at his point. Current up trend should target 130.04 long term projection level next. On the downside, below 126.78 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained by 125.09 resistance turned support to bring another rally.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 126.50; (P) 126.75; (R1) 127.25; More…

USD/JPY’s up trend resumed after brief retreat and intraday bias is back on the upside. Current rally should target 130.04 long term projection level next. On the downside, below 126.78 minor support will turn intraday bias neutral and bring consolidations. But downside of retreat should be contained by 125.09 resistance turned support to bring another rally.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 125.23; (P) 125.78; (R1) 126.20; More…

Intraday bias in USD/JPY remains neutral for the moment but further rise is expected with 124.75 support holds. On the upside, sustained break of 125.85 will carry larger bullish implication and target 130.04 long term projection level next. On the downside, break of 124.75 minor support will turn bias to the downside for pull back to 4 hour 55 EMA (now at 124.28) and possibly below.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 125.23; (P) 125.78; (R1) 126.20; More…

Intraday bias in USD/JPY is turned neutral again as it retreat after failing to sustain above 125.85 long term resistance. Focus stays on 125.85 and sustained break there will carry larger bullish implication and target 130.04 long term projection level next. On the downside, break of 124.75 minor support will turn bias to the downside for pull back to 4 hour 55 EMA (now at 124.28) and possibly below.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 124.86; (P) 125.31; (R1) 125.85; More…

USD/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Focus stays on 125.85 long term resistance. Sustained break there will carry larger bullish implication and target 130.04 long term projection level next. On the downside, break of 124.75 minor support will turn bias to the downside for pull back to 4 hour 55 EMA (now at 123.99) and possibly below.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 124.86; (P) 125.31; (R1) 125.85; More…

Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 124.66 minor support will bring deeper pull back to 4 hour 55 EMA (now at 123.97) and possibly below. But downside should be contained above 121.27 support to bring another rally. On the upside, sustained break of 125.85 will pave the way to 130.04 long term projection level next.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 124.36; (P) 125.07; (R1) 126.10; More…

Intraday bias in USD/JPY is turned neutral with 4 hour MACD crossed below signal line. On the downside, break of 124.66 minor support will bring deeper pull back to 4 hour 55 EMA (now at 123.67) and possibly below. But downside should be contained above 121.27 support to bring another rally. On the upside, sustained break of 125.85 will pave the way to 130.04 long term projection level next.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 124.36; (P) 125.07; (R1) 126.10; More…

Intraday bias in USD/JPY remains on the upside, with focus on 125.86 long term resistance. Sustained break there will pave the way to 130.04 long term projection level next. On the downside, below 123.44 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 121.27 support holds.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 123.74; (P) 124.21; (R1) 124.75; More…

USD/JPY’s break of 125.09 resistance confirms resumption of larger up trend from 102.58. Intraday bias is now on the upside. Decisive break of 125.86 long term resistance will pave the way to 130.04 long term projection level next. On the downside, below 123.44 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 121.27 support holds.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 123.74; (P) 124.21; (R1) 124.75; More…

Focus is now on 125.09 resistance in USD/JPY. Firm break there will resume larger up trend from 102.58. Further break of 125.85 long term resistance will pave the way to 130.04 long term projection level. Consolidation from 125.09 could still extend with another falling leg. But overall outlook will remain bullish as long as 121.17 support holds.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

USD/JPY’s rebound from 121.27 extended higher last week but upside was capped below 125.09 resistance. Initial bias remains neutral this week first. On the upside, firm break of 125.09 will resume larger up trend from 102.58. Further break of 125.85 long term resistance will pave the way to 130.04 long term projection level. Consolidation from 125.09 could still extend with another falling leg. But overall outlook will remain bullish as long as 121.17 support holds.

In the bigger picture, up trend from 98.97 (2016 low) is in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

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 that might have completed at 98.97 already. Firm break of 125.85 will target 61.8% projection of 75.56 to 125.85 from 98.97 at 130.04. Next is 100% projection at 149.26, which is close to 147.68 (1998 high).

Daily Pivots: (S1) 123.63; (P) 123.81; (R1) 124.16; More…

USD/JPY’s rebound from 121.27 extends higher today but stays below 125.09 high. Intraday bias remains neutral first. Outlook stays bullish with 121.17 support intact and further rise is expected. On the upside, break of 125.09 will target 125.85 long term resistance. Firm break pave the way to 130.04 long term projection level. However, break of 121.17 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 98.97 (2016 low) in in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 123.63; (P) 123.81; (R1) 124.16; More…

Range trading continues in USD/JPY and intraday bias remains neutral. Outlook stays bullish with 121.17 support intact and further rise is expected. On the upside, break of 125.09 will target 125.85 long term resistance. Firm break pave the way to 130.04 long term projection level. However, break of 121.17 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 98.97 (2016 low) in in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 123.49; (P) 123.77; (R1) 124.07; More…

Intraday bias in USD/JPY remains neutral as consolidation from 125.09 is extending. Outlook stays bullish with 121.17 support intact and further rise is expected. On the upside, break of 125.09 will target 125.85 long term resistance. Firm break pave the way to 130.04 long term projection level. However, break of 121.17 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 98.97 (2016 low) in in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 123.49; (P) 123.77; (R1) 124.07; More…

USD/JPY is staying in consolidation from 125.09 and intraday bias remains neutral for the moment. Outlook stays bullish with 121.17 support intact and further rise is expected. On the upside, break of 125.09 will target 125.85 long term resistance. Firm break pave the way to 130.04 long term projection level. However, break of 121.17 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 98.97 (2016 low) in in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.

Daily Pivots: (S1) 122.38; (P) 122.66; (R1) 123.06; More…

USD/JPY’s rebound from 121.27 continues today but stays below 125.09 high. Intraday bias remains neutral first and more consolidation could still be seen. But outlook remains bullish with 121.17 support intact and further rise is expected. On the upside, break of 125.09 will target 125.85 long term resistance. Firm break pave the way to 130.04 long term projection level. However, break of 121.17 will turn bias back to the downside for deeper pull back.

In the bigger picture, up trend from 98.97 (2016 low) in in progress for retesting 125.85 (2015 high). Sustained break there will confirm long term up trend resumption. Next target will be 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. This will now remain the favored case as long as 116.34 resistance turned support holds.