USD/JPY Daily Outlook
Daily Pivots: (S1) 91.93; (P) 92.44; (R1) 93.28; More..
Intraday bias in USD/JPY remains on the upside for the moment and current rally from 77.13 is expected to continue to medium term level at 94.98 next. On the downside, below 91.78 minor support will turn bias neutral first. But break of 90.24 support is needed to signal short term topping. Otherwise, outlook will stay bullish in case of retreat.
In the bigger picture, whole decline from 124.13 should have already completed at 75.56. Stronger medium term rally could be seen back towards back towards 101.22 key support turned resistance level. In any case, we'll now stay bullish as long as 84.17 resistance turned support holds.