USD/JPY In Diapason

Technical Reports

The pair is holding inside of 110.58/112.14 diapason. Trading stays neutral. The corrective decline from 113.17 might be extending. Breach of 110.58 will cause larger fall. Following pivot points include: (S1) 110.80; (P) 110.99; (R1) 111.28.

Firm 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.