Daily Pivots: (S1) 154.89; (P) 155.32; (R1) 156.12; More…

USD/JPY is still extending the corrective pattern from 157.88 and intraday bias stays neutral. On the upside, break of 156.94 will suggests that larger rally from 138.87 is resuming. Retest of 157.88 high should be seen and then 158.85 key structural resistance. On the downside, break of 154.33 will bring deeper correction to 55 D EMA (now at 153.90) and possibly below.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.89; (P) 155.32; (R1) 156.12; More…

Intraday bias in USD/JPY remains neutral as consolidations from 157.88 continue. On the upside, break of 156.94 will suggests that larger rally from 138.87 is resuming. Retest of 157.88 high should be seen and then 158.85 key structural resistance. On the downside, break of 154.33 will bring deeper correction to 55 D EMA (now at 153.90) and possibly below.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.30; (P) 154.82; (R1) 155.24; More…

USD/JPY recovered ahead of 154.33 support and intraday bias stays neutral. Overall outlook is unchanged that corrective pattern from 157.88 is still extending. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.30; (P) 154.82; (R1) 155.24; More…

Intraday bias in USD/JPY stays neutral for the moment as corrective pattern from 157.88 is extending. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.70; (P) 155.35; (R1) 155.85; More…

No change in USD/JPY’s outlook as corrective pattern from 157.88 is extending. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.70; (P) 155.35; (R1) 155.85; More…

Intraday bias in USD/JPY remains neutral as corrective pattern from 157.88 is extending. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.47; (P) 155.80; (R1) 156.15; More…

USD/JPY is extending the corrective pattern from 157.88 and intraday bias remains neutral. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.47; (P) 155.80; (R1) 156.15; More…

Intraday bias in USD/JPY stays neutral as consolidations from 157.88 is in progress. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

USD/JPY extended the corrective pattern from 157.88 last week. Initial bias remains neutral this week first. On the downside, break of 154.33 will target 55 D EMA (now at 153.58) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

In the long term picture, up trend from 75.56 (2011 low) is still in progress and might be ready to resumption. Firm break of 161.94 will target 61.8% projection of 102.58 (2020 low) to 161.94 (2024 high) from 139.87 at 176.55 in the medium term.

Daily Pivots: (S1) 154.95; (P) 155.56; (R1) 156.17; More…

Intraday bias in USD/JPY remains neutral as consolidations from 157.88 continues. On the downside, break of 154.33 will target 55 D EMA (now at 153.58) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.95; (P) 155.56; (R1) 156.17; More…

USD/JPY is still extending the corrective pattern from 157.88 and intraday bias remains neutral. On the downside, break of 154.33 will target 55 D EMA (now at 153.58) and possibly below. On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.58; (P) 156.26; (R1) 156.72; More…

Intraday bias in USD/JPY stays neutral first. Corrective pattern from 157.88 could extend lower. Break of 154.33 will target 55 D EMA (now at 153.51). On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.58; (P) 156.26; (R1) 156.72; More…

Intraday bias in USD/JPY is turned neutral with breach of 155.73 minor support. Fall from 157.88 should develope into a corrective pattern. Break of 154.33 will bring deeper fall, but downside should be contained by 55 D EMA (now at 153.51). On the upside, above 156.94 will bring retest of 157.88. Firm break there will resume whole rally from 139.87 to 158.85 key structural resistance.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 156.11; (P) 156.53; (R1) 157.33; More…

Intraday bias in USD/JPY remains on the upside as rise from 154.33 is in progress for retesting 157.88. Decisive break there will will target 158.85 structural resistance. Firm break there will be a strong bullish sign, and should target a retest on 161.94 high next. On the downside, below 155.73 minor support will turn bias neutral first. But risk will stays mildly on the upside as long as 154.33 support holds, in case of retreat.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 156.11; (P) 156.53; (R1) 157.33; More…

USD/JPY’s rise from 154.33 is in progress and intraday bias remains on the upside for 157.88 and above. Firm break of 158.85 structural resistance will be a strong bullish sign, and should target a retest on 161.94 high next. For now, risk will stays mildly on the upside as long as 154.33 support holds, in case of retreat.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.22; (P) 155.61; (R1) 156.31; More…

Intraday bias in USD/JPY stays mildly on the upside at this point. Corrective pullback from 157.88 could have completed at 154.33 already. Further rise should be seen to 157.88 and above. Firm break of 158.85 structural resistance will be a strong bullish sign, and should target a retest on 161.94 high next. For now, risk will stays mildly on the upside as long as 154.33 support holds, in case of retreat.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 155.22; (P) 155.61; (R1) 156.31; More…

USD/JPY’s breach of 156.17 resistance suggests that corrective pullback from 157.88 has completed at 154.33. Intraday bias is back on the upside for retesting 157.88 high. Firm break there will resume larger rally to 158.85 structural resistance. For now, risk will stays mildly on the upside as long as 154.33 support holds, in case of retreat.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.66; (P) 155.07; (R1) 155.80; More…

No change in USD/JPY’s outlook and intraday bias stays neutral at this point. On the downside, below 154.33 will target 55 D EMA (now at 153.27). Firm break there will extend the fall from 157,88 short term top to 150.90 cluster (38.2% retracement of 139.87 to 157.88 at 151.00). On the upside, though, break of 156.17 resistance will indicate that the pullback has completed and bring retest of 157.88 high.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 154.66; (P) 155.07; (R1) 155.80; More…

Intraday bias in USD/JPY remains neutral for the moment. On the downside, below 154.33 will target 55 D EMA (now at 153.27). Firm break there will extend the fall from 157,88 short term top to 150.90 cluster (38.2% retracement of 139.87 to 157.88 at 151.00). On the upside, though, break of 156.17 resistance will indicate that the pullback has completed and bring retest of 157.88 high.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

USD/JPY’s fall from 157.88 short term top extended lower last week, but lost momentum after hitting 154.33. Initial bias is turned neutral this week first. On the downside, below 154.33 will target 55 D EMA (now at 153.11). Firm break there will bring deeper fall to 150.90 cluster (38.2% retracement of 139.87 to 157.88 at 151.00). On the upside, though, break of 156.17 resistance will indicate that the pullback has completed and bring retest of 157.88 high.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

In the long term picture, up trend from 75.56 (2011 low) is still in progress and might be ready to resumption. Firm break of 161.94 will target 61.8% projection of 102.58 (2020 low) to 161.94 (2024 high) from 139.87 at 176.55 in the medium term.