Daily Pivots: (S1) 107.82; (P) 108.33; (R1) 108.65; More…

Intraday bias in USD/JPY is turned neutral first with current recovery. We’d still look for strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 108.99 support turned resistance will turn bias back to the upside for retesting 110.95 high. However, sustained break of 107.75 will bring deeper fall to 61.8% retracement at 105.77.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92) will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 107.82; (P) 108.33; (R1) 108.65; More…

Intraday bias in USD/JPY stays on the downside at this point and deeper fall could be seen. We’d still look for strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 108.99 support turned resistance will turn bias back to the upside for retesting 110.95 high. However, sustained break of 107.75 will bring deeper fall to 61.8% retracement at 105.77.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92) will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.61; (P) 108.79; (R1) 108.97; More…

USD/JPY’s fall from 110.95 accelerates to as low as 108.00 so far. Intraday bias remains on the downside for the moment. At this point, we’d still expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 108.99 support turned resistance will turn bias back to the upside for retesting 110.95 high. However, sustained break of 107.75 will bring deeper fall to 61.8% retracement at 105.77.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92) will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.61; (P) 108.79; (R1) 108.97; More…

Intraday bias in USD/JPY remains mildly on the downside at this point. Corrective decline from 110.95 is in progress. But still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92) will dampen the bullish view and keep medium term outlook neutral first.

USD/JPY’s corrective fall from 110.95 continued last week but started to lose downside momentum, as seen in 4 hour MACD. Further decline will remain in favor this week as long as 109.95 resistance holds. But we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92) will dampen the bullish view and keep medium term outlook neutral first.

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) 108.79; (R1) 108.96; More…

No change in USD/JPY’s outlook as corrective fall from 110.95 could extend lower through 108.40 support. Still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.59; (P) 108.79; (R1) 108.96; More…

Intraday bias in USD/JPY stays mildly on the downside, as corrective fall from 110.95 could extend lower through 108.40 support. Still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.75; (P) 108.93; (R1) 109.10; More…

Intraday bias in USD/JPY remains on the downside for the moment. Corrective fall from 110.95 is still in progress for 108.40 support and possibly below. Still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.92), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.75; (P) 108.93; (R1) 109.10; More…

USD/JPY’s corrective fall from 110.95 is still in progress. Intraday bias stays on the downside for 108.40 support and possibly below. Still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.80; (P) 109.28; (R1) 109.53; More…

Intraday bias in USD/JPY remains mildly on the downside at this point. Correction from 110.95 is in progress for 108.40 support and possibly below. Still, we’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.80; (P) 109.28; (R1) 109.53; More…

USD/JPY’s correction from 110.95 resumes by breaking 108.99. Intraday bias is back on the downside for 108.40 and below. We’d expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.17; (P) 109.47; (R1) 109.69; More…

Intraday bias in USD/JPY stays neutral at this point. On the downside, break of 108.99 will resume the correction form 110.95, and target 108.40 support and below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.17; (P) 109.47; (R1) 109.69; More…

Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 108.99 will resume the correction form 110.95, and target 108.40 support and below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.27; (P) 109.61; (R1) 110.01; More…

Intraday bias in USD/JPY is turned neutral as it failed to sustain above 4 hour 55 EMA and retreated. On the downside, break of 108.99 will resume the correction form 110.95, and target 108.40 support and below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest of 110.95 high.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.27; (P) 109.61; (R1) 110.01; More…

Further rise is mildly in favor in USD/JPY for 110.95 high. Break there will resume larger rally from 102.58. On the downside, break of 108.99 will extend the correction to 108.40 support and below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

USD/JPY’s pull back from 110.95 extended to 108.99 last week but recovered since then. Initial bias is mildly on the upside this week for retesting 110.95 first. Break there will resume larger rally from 102.58. On the downside, break of 108.99 will extend the correction to 108.40 support and below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.74), will dampen the bullish view and keep medium term outlook neutral first.

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) 108.87; (P) 109.39; (R1) 109.77; More…

USD/JPY’s breach of 109.93 minor resistance suggests that corrective pull back from 110.95 has completed at 108.99. Intraday bias is back on the upside for retesting 110.95 high first. On the downside, break of 108.99 will extend the correction to 108.40 support and possibly below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.67), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 108.87; (P) 109.39; (R1) 109.77; More…

Intraday bias in USD/JPY stays mildly on the downside at this point. Correction from 110.95 could extend to 108.40 support and possibly below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.93 minor resistance will turn intraday bias back to the upside for retesting 110.95 high first.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.67), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.63; (P) 109.78; (R1) 109.99; More…

USD/JPY’s correction from 110.95 short term top accelerates lower today. Deeper fall would be seen to 108.40 support and possibly below. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.93 minor resistance will turn intraday bias back to the upside for retesting 110.95 high first.

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. However, rejection by 111.71, followed by sustained trading below 55 day EMA (now at 107.61), will dampen the bullish view and keep medium term outlook neutral first.

Daily Pivots: (S1) 109.63; (P) 109.78; (R1) 109.99; More…

USD/JPY’s correction from 110.95 short term top is still in progress. Deeper decline could be seen to 108.40 support. But downside should be contained by 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, firm break of 110.95 will resume the whole rise from 102.58, for 111.71/112.22 resistance zone next

In the bigger picture, current development suggests that the corrective down trend from 118.65 (Dec 2016) has completed at 101.18. Firm break of 112.22 resistance should confirms this bullish case. A medium term up trend could then has started for 100% projection of 101.18 to 111.71 from 102.58 at 113.11 and then 161.8% projection at 119.61. Rejection by 111.71, however, will keep medium term outlook neutral first.