Rejection in USD/JPY

The pair is sticking over 112.95 support. Trading stays neutral. Choppy breach of 112.95 will suggest rejection from 114.49 resistance. Following pivot points include: (S1) 113.19; (P) 113.55; (R1) 113.80.

Trading will turn up on the downside towards 38.2% retracement of 107.31 to 114.73 at 111.89. Firm breach of 114.49 key resistance will align a repeat test of 118.65 maximum.

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.