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.

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

USD/JPY is still bounded in sideway trading inside range of 108.34/109.77, 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) 108.70; (P) 108.86; (R1) 109.10; More…

Range trading continues in USD/JPY and intraday bias remains neutral. 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) 108.70; (P) 108.86; (R1) 109.10; More…

Intraday bias in USD/JPY remains neutral as range 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.

USD/JPY stayed in range of 108.34/109.77 last week and outlook is unchanged. Initial bias remains neutral this week 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.

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) 108.59; (P) 108.95; (R1) 109.15; More…

Intraday bias in USD/JPY remains neutral and more sideway trading could be seen. With 108.34 minor support intact, further rise is mildly in favor. Break of 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 instead.

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) 108.59; (P) 108.95; (R1) 109.15; More…

Range trading continues in USD/JPY and intraday bias remains neutral for the moment. With 108.34 minor support intact, further rise is mildly in favor. Break of 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 instead.

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) 108.73; (P) 109.03; (R1) 109.50; More…

Intraday bias in USD/JPY remains neutral as range trading continues. With 108.34 minor support intact, further rise is mildly in favor. Break of 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 instead.

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) 108.73; (P) 109.03; (R1) 109.50; More…

Range trading continues in USD/JPY and intraday bias remains neutral for the moment. With 108.34 minor support intact, further rise is mildly in favor. Break of 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 instead.

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) 108.73; (P) 109.01; (R1) 109.18; More…

USD/JPY is staying in range of 108.34/109.77 and intraday bias remains neutral first. Further rise is mildly in favor for now. Break of 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 instead.

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) 108.73; (P) 109.01; (R1) 109.18; More…

Intraday bias in USD/JPY remains as range trading continues. Further rise is mildly in favor for now. Break of 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 instead.

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) 109.05; (P) 109.27; (R1) 109.47; More…

Outlook in USD/JPY is unchanged as range trading continues. Intraday bias remains neutral first. Further rise is mildly in favor for now. Break of 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 instead.

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) 109.05; (P) 109.27; (R1) 109.47; More…

Intraday bias in USD/JPY remains neutral as consolidation continues. Further rise is mildly in favor for now. Break of 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 instead.

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) 109.16; (P) 109.41; (R1) 109.62; More…

USD/JPY is staying in consolidation from 109.77 and intraday bias remains neutral first. Further rise is mildly in favor for now. Break of 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 instead.

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) 109.16; (P) 109.41; (R1) 109.62; More…

Intraday bias in USD/JPY remains neutral for some consolidations below 109.77. Further rise is mildly in favor for now. Break of 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 instead.

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.