Daily Pivots: (S1) 105.19; (P) 105.47; (R1) 105.69; More..

Intraday bias in USD/JPY remains neutral for some more consolidations first. Further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.84) will be the first sign of reversal and turn focus to channel resistance (now at 110.15).

USD/JPY’s rise from 102.58 resumed last week to as high as 106.21, but retreated since then. Initial bias remains neutral this week for some more consolidations. Further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

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) 105.54; (P) 105.74; (R1) 105.87; More..

Intraday bias in USD/JPY remains neutral for the moment and consolidation form 106.21 could extend. But still, further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.54; (P) 105.74; (R1) 105.87; More..

USD/JPY is staying in consolidation from 106.21 and intraday bias remains neutral. Further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.69; (P) 105.96; (R1) 106.13; More..

Intraday bias in USD/JPY remains neutral for the moment and some consolations could be seen. Further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.69; (P) 105.96; (R1) 106.13; More..

A temporary top is formed at 106.21 with current retreat and intraday bias in USD/JPY is turned neutral first. Further rise is expected as long as 140.40 support holds. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. On the upside, sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.45; (P) 105.72; (R1) 106.27; More..

Intraday bias in USD/JPY remains on the upside at this point. Rise from 102.58 is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. Sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22. On the downside, break of 105.62 minor support will turn intraday bias neutral first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.45; (P) 105.72; (R1) 106.27; More..

USD/JPY’s rebound from 102.58 resumed by breaking 105.76 and hits as high as 106.21 so far. Intraday bias is back on the upside. Such rally is seen as at least correcting the down trend from 111.71 to 102.58, with prospect of being an up trend of its own. Sustained break of 38.2% retracement of 111.71 to 102.58 will pave the way to 61.8% retracement at 108.22. In any case, outlook will remain bullish as long as 104.40 support holds.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.05; (P) 105.24; (R1) 105.55; More..

Focus is now on 105.76 resistance in USD/JPY. Decisive break there will confirm resumption of rise from 102.58 and turn bias to the upside. Such rebound is at least correcting the down trend from 111.71 to 102.58. Next target is 38.2% retracement of 111.71 to 102.58 at 106.06. Break will target 61.8% retracement at 108.22. However, firm break of 104.39 will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 105.05; (P) 105.24; (R1) 105.55; More..

USD/JPY is still bounded in range below 105.76 and intraday bias stays neutral first. Another rise is in favor with 104.39 support intact. On the upside, break of 105.76 will resume the rebound from 102.58 and target 38.2% retracement of 111.71 to 102.58 at 106.06. However, firm break of 104.39 will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 104.71; (P) 104.95; (R1) 105.15; More..

Range trading continues in USD/JPY and intraday bias remains neutral first. Another rise is in favor with 104.39 support intact. On the upside, break of 105.76 will resume the rebound from 102.58 and target 38.2% retracement of 111.71 to 102.58 at 106.06. However, firm break of 104.39 will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

Daily Pivots: (S1) 104.71; (P) 104.95; (R1) 105.15; More..

Intraday bias in USD/JPY remains neutral at this point and more range trading could be seen. Another rise is in favor with 104.39 support intact. On the upside, break of 105.76 will resume the rebound from 102.58 and target 38.2% retracement of 111.71 to 102.58 at 106.06. However, firm break of 104.39 will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

USD/JPY is still holding above 104.39 resistance turned support despite last week’s deep pull back. Initial bias stays neutral this week first and another rise is in favor. On the upside, break of 105.76 will resume the rebound from 102.58 and target 38.2% retracement of 111.71 to 102.58 at 106.06. However, firm break of 104.39 will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.23).

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) 104.59; (P) 104.70; (R1) 104.85; More..

Intraday bias in USD/JPY remains neutral first. On the downside, decisive break of 104.39 resistance turned support will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 104.59; (P) 104.70; (R1) 104.85; More..

Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, decisive break of 104.39 resistance turned support will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 104.40; (P) 104.62; (R1) 104.83; More..

Intraday bias in USD/JPY remains neutral for the moment. On the downside, decisive break of 104.39 resistance turned support will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 104.40; (P) 104.62; (R1) 104.83; More..

No change in USD/JPY’s outlook and intraday bias stays neutral first. On the downside, decisive break of 104.39 resistance turned support will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 104.29; (P) 104.78; (R1) 105.05; More..

Intraday bias in USD/JPY stays neutral and focus remains on on 104.39 resistance turned support. Decisive break there will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 104.29; (P) 104.78; (R1) 105.05; More..

Intraday bias in USD/JPY remains neutral with focus on 104.39 resistance turned support. Decisive break there will indicate that rebound from 102.58 has completed at 105.76. Intraday bias will be turned to the downside for 103.31 support first. Though, rebound from current level, followed by break of 105.76 will target 38.2% retracement of 111.71 to 102.58 at 106.06.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).

Daily Pivots: (S1) 105.02; (P) 105.35; (R1) 105.54; More..

USD/JPY is holding above 104.39 resistance turned support and intraday bias remains neutral first. Another rise is still in favor. On the upside, break of 105.76 will resume the rebound from 102.58, for 38.2% retracement of 111.71 to 102.58 at 106.06. However, decisive break of 104.39 will indicate that the rebound has completed, and bring retest of 102.58 low.

In the bigger picture, USD/JPY is still staying in long term falling channel that started back in 118.65 (Dec. 2016), and there is no clear indication of trend reversal yet. Though, sustained trading above 55 week EMA (now at 105.90) will be the first sign of reversal and turn focus to channel resistance (now at 110.31).