Growth of USD/JPY Has Completed
Trading is neutral, as the pair retreated after reaching key resistance 114.49. Following pivot points include: (S1) 113.35; (P) 114.04; (R1) 114.39.
Trading above 114.49 will bring retest of a maximum 118.65. Overcoming of support 112.95 will indicate rejection from 114.49 and trading will back to the downside for 111.64.
A medium term growth from 98.97 continues. Overcoming of resistance 114.49 will prolong the lift to 61.8% projection of 98.97 to 118.65 from 107.31 at 119.47. 100% projection at 126.99 is about to be taken out, which will be the sign of long term uptrend progression.