Daily Pivots: (S1) 110.09; (P) 110.84; (R1) 112.02; More...

USD/JPY edged higher to 111.59 but quickly retreated. Intraday bias remains neutral for now. Deeper retreat could be seen as consolidation extends. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 109.63; (P) 110.57; (R1) 111.81; More...

Intraday bias in USD/JPY remains neutral for consolidation below 111.50 temporary top. Deeper retreat could be seen. But overall, further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

Daily Pivots: (S1) 109.63; (P) 110.57; (R1) 111.81; More..

With 4 hour MACD crossed below signal line, intraday bias in USD/JPY is turned neutral first. Further rise is expected as long as 106.75 support holds. Decisive break of 112.22 key resistance will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline and turn outlook bullish for 118.65 and above.

USD/JPY’s rebound from 101.18 extended to as high as 111.50 last week. Initial bias stays on the upside for 112.22 resistance next. Sustained break there will carry larger bullish implication and target 114.54 resistance next. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, at this point, whole decline from 118.65 (Dec 2016) continues to display a corrective look, with well channeling. There is no clear sign of completion yet. Break of 101.18 will target 98.97 (2016 low). Meanwhile, sustained break of 112.22 should confirm completion of the decline 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) 108.69; (P) 109.82; (R1) 111.74; More..

Intraday bias in USD/JPY remains on the upside for 112.22 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 108.69; (P) 109.82; (R1) 111.74; More..

USD//JPY reaches as high as 111.36 so far as rise from 101.18 extends. Intraday bias remains on the upside for 112.22 key resistance. Decisive break there will carry larger bullish implications. On the downside, break of 106.75 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 106.82; (P) 107.27; (R1) 107.78; More..

Intraday bias in USD/JPY remains on the upside as rise form 101.18 is targeting 112.22 key resistance Decisive break there will carry larger bullish implications. On the downside, break of 105.14 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 106.82; (P) 107.27; (R1) 107.78; More..

USD/JPY’s rebound from 101.18 extends higher and sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 suggests completion of fall from 112.22. Intraday bias is now on the upside for retesting 112.22 key resistance next. On the downside, break of 105.14 support will turn bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Intraday bias in USD/JPY remains neutral for the moment. Further rise is mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Outlook in USD/JPY is unchanged and intraday bias remains neutral first. Further rise is mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Intraday bias in USD/JPY remains neutral at this point. Further rise remains mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 104.75; (P) 106.38; (R1) 107.62; More..

Intraday bias in USD/JPY remains neutral first and further rise remains mildly in favor with 104.50 minor support intact. On the upside, sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 105.52; (P) 107.01; (R1) 109.51; More..

No change in USD/JPY’s outlook. With 104.50 minor support intact, further rise is in favor. Sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

Daily Pivots: (S1) 105.52; (P) 107.01; (R1) 109.51; More..

With 104.50 minor support intact, further rise is in favor in USD/JPY. Sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 104.50 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec. 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

USD/JPY’ dived to 101.18 initially last week but reversed from there. Initial bias remains on the upside this week. Sustained break of 61.8% retracement of 112.22 to 101.18 at 108.00 will target 112.22 resistance next. On the downside, break of 105.91 will turn intraday bias back to the downside for retesting 101.18 low instead.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound. However, break of 112.22 will be a strong sign on medium term bullish reversal.

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) 103.14; (P) 104.62; (R1) 106.15; More..

Intraday bias in USD/JPY is mildly on the upside a corrective rise from 101.18 is in progress. At this point, we’d expect strong resistance from 61.8% retracement of 112.22 to 101.18 at 108.00 to limit upside. On the downside, break of 103.07 minor support will suggest the recovery is completed and turn bias to the downside for retesting 101.18 support. However, sustained break of 108.00 will bring retest of 112.22 resistance.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound.

Daily Pivots: (S1) 103.14; (P) 104.62; (R1) 106.15; More..

USD/JPY’s corrective rise from from 101.18 is still in progress. It could extend to 61.8% retracement of 112.22 to 101.18 at 108.00 before completion. On the downside, break of 103.07 minor support will suggest the recovery is completed and turn bias to the downside for retesting 101.18 support.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound.

Daily Pivots: (S1) 103.82; (P) 104.74; (R1) 105.38; More..

USD/JPY recovered after hitting 103.07 and intraday bias is turned neutral first. Break of 103.07 will bring retest of 101.18. Break will resume larger down trend to 98.97 support next. On the upside, break of 105.91 will extend the corrective rise to 61.8% retracement of 112.22 to 101.18 at 108.00 instead.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound.

Daily Pivots: (S1) 103.82; (P) 104.74; (R1) 105.38; More..

Breach of 103.22 minor support suggests that recovery form 101.18 has completed at 105.91. Intraday bias is turned back to the downside for 101.18 low. Break will resume larger down trend to 98.97 support next. On the upside, break of 105.91 will extend the corrective rise to 61.8% retracement of 112.22 to 101.18 at 108.00 instead.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound.

Daily Pivots: (S1) 103.11; (P) 104.51; (R1) 107.01; More..

No change in USD/JPY’s outlook as we’d still expect strong resistance around 38.2% retracement of 112.22 to 101.18 at 105.39 to complete the corrective recovery from 101.18. Break of 103.22 minor support will turn bias to the downside for retesting 101.18. Nevertheless, firm break of 105.39 will bring stronger rebound to 61.8% retracement at 108.00.

In the bigger picture, fall from 118.65 (Dec 2016) is still in progress. It’s seen as part of a larger consolidative pattern from 125.85 (2015 high). Such decline could could extend through 98.97 (2016 low). For now, risk will remain on the downside as long as 112.22 resistance holds, even in case of rebound.