Rally In USD/JPY

Technical Reports

Pair’s trading character is neutral. USD/JPY is limited inside of 110.58/112.14 diapason. The corrective decrease from 113.17 should extend through 110.58. Following pivot points include: (S1) 110.71; (P) 111.07; (R1) 111.32.

Sustained support from 38.2% retracement of 104.62 to 113.17 at 109.90 should draw recoil. Over 112.14, a test of 113.17 maximum will be aligned.

The corrective fall from 118.65 should have finished at 104.62. Strong breach of 114.73 will extend the intact rally from 98.97 for 100% projection of 98.97 to 118.65 from 104.62 at 124.30 near 125.85.