Daily Pivots: (S1) 105.44; (P) 105.59; (R1) 105.82; More...

USD/JPY is losing some upside momentum but further rise is still in favor with 104.92 minor support intact. Sustained break of 55 day EMA (now at 105.96) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.48; (R1) 105.70; More...

With 104.92 support intact, further rise is expected in USD/JPY for 55 day EMA (now at 105.97). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.48; (R1) 105.70; More...

Intraday bias in USD/JPY remains neutral as consolidation from 105.70 is extending. With 104.92 support intact, further rise is in favor. On the upside, break of will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.97). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76; More...

Intraday bias in USD/JPY stays neutral for consolidations below 105.70 temporary top. Further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.30; (P) 105.50; (R1) 105.76; More...

Intraday bias in USD/JPY is turned neutral with a temporary top in place at 105.70. Some consolidations but further rise is in favor as long as 104.92 minor support holds. Break of 105.70 will resume the rebound from 104.00 short term bottom to 55 day EMA (now at 105.98). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

USD/JPY rebounded to as high as 105.70 last week and the development suggests short term bottoming at 104.00. Initial bias stays on the upside this week for 55 day EMA (now at 106.02). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.92 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 resistance should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

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 move 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) 105.24; (P) 105.39; (R1) 105.56; More...

No change in USD/JPY’s outlook and further rise is expected with 104.85 support intact. Sustained break of 55 day EMA (now at 106.00) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.85 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 105.24; (P) 105.39; (R1) 105.56; More...

Further rise is expected in USD/JPY with 104.85 support holds. Sustained break of 55 day EMA (now at 106.00) will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.85 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.99; (P) 105.25; (R1) 105.61; More...

Intraday bias in USD/JPY remains on the upside at this point. Rebound from 104.00 would target 55 day EMA (now at 106.02). Sustained break there will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.85 minor support will turn bias back to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.99; (P) 105.25; (R1) 105.61; More...

USD/JPY’s break of 105.20 minor resistance should confirm short term bottoming at 104.00. Intraday bias is now back on the upside for 55 day EMA (now at 106.02). Sustained break there will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, though, below 104.85 minor support will turn bias to the downside for retesting 104.00 instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.55; (P) 104.81; (R1) 105.22; More...

USD/JPY’s rebound from 104.00 continues today and focus is back on 105.20 support turned resistance. Decisive break there would indicate short term bottoming. Stronger rebound would be seen back to 106.94 resistance. Nevertheless, rejection by 105.20 will maintain near term bearishness for a break through 104.00 at a later stage.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.55; (P) 104.81; (R1) 105.22; More...

Intraday bias in USD/JPY remains neutral and further fall is still in favor as long as 105.20 support turned resistance holds. Below 104.00 will resume larger down trend to 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. Nevertheless, firm break of 105.20 will bring stronger rebound to 106.94 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.27; (P) 104.57; (R1) 104.87; More...

USD/JPY is staying in consolidation above 104.00 temporary low and intraday bias remains neutral. Further fall is expected as long as 105.20 support turned resistance holds. Below 104.00 will resume larger down trend to 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. Nevertheless, firm break of 105.20 will bring stronger rebound to 106.94 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.27; (P) 104.57; (R1) 104.87; More...

Intraday bias in USD/JPY remains neutral for consolidations. Further fall is expected as long as 105.20 support turned resistance holds. Below 104.00 will resume larger down trend to 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. Nevertheless, firm break of 105.20 will bring stronger rebound to 106.94 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.27; (P) 104.57; (R1) 104.87; More...

A temporary low is formed at 104.00 with current recovery. Intraday bias in USD/JPY is turned neutral for some consolidations first. Further fall is expected as long as 105.20 support turned resistance holds. Below 104.00 will resume larger down trend to 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. Nevertheless, firm break of 105.20 will bring stronger rebound to 106.94 resistance instead.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.27; (P) 104.57; (R1) 104.87; More...

USD/JPY drops to as low as 104.06 so far today. Break of 104.27 support confirms down trend resumption. intraday bias remains on the downside for 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. On the upside, above 104.63 minor resistance will turn intraday bias neutral first, for some consolidations, before staging another decline.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

USD/JPY dropped to as low as 104.27 last week and the development argues that down trend from 111.71 might be resuming. Initial bias stays on the downside this week for 104.18 support first. Break will confirm this bearish case and target 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. On the upside, above 104.87 minor resistance will turn intraday bias neutral first, for some consolidations, before staging another decline.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

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 move 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) 104.45; (P) 104.81; (R1) 105.10; More...

Intraday bias in USD/JPY remains on the downside for 104.18 support. Break there will resume larger fall from 111.71 and target 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. On the upside, above 104.87 minor resistance will turn intraday bias neutral first, for some consolidations, before staging another decline.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.45; (P) 104.81; (R1) 105.10; More...

Intraday bias in USD/JPY remains on the downside at this point, for retesting 104.18 support. Break there will resume larger fall from 111.71 and target 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. On the upside, above 105.17 minor resistance will dampen this bearish view and turn intraday bias neutral again first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 104.71; (P) 105.07; (R1) 105.35; More...

USD/JPY drops to as low as 104.52 so far and intraday bias on the downside for retesting 104.18 first. Break there will resume larger fall from 111.71 and target 61.8% projection of 109.85 to 104.18 from 106.94 at 103.43 next. On the upside, above 105.17 minor resistance will dampen this bearish view and turn intraday bias neutral again first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016). Hence, there is no clear indication of trend reversal yet. The down trend could still extend through 101.18 low. However, sustained break of 112.22 should confirm completion of the down trend and turn outlook bullish for 118.65 and above.