USD/JPY Remains In Diapason

Technical Reports

The pair is holding inside of 110.68/111.82 diapason. Trading is neutral. Breach of 111.82 will indicate that the correction from 113.17 is finished at 109.76. Following pivot points include: (S1) 111.08; (P) 111.30; (R1) 111.71.

Another lift should align repeat test 113.17 maximum. Under 110.68, further decline will occur. 38.2% retracement of 104.62 to 113.17 at 109.90 will retain downside and draw recoil

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. Larger decline should align 61.8% retracement of 104.62 to 113.17 at 107.88 and lower.