USD/JPY - Report for weekend

[jhoinsmath]

On Monday it reached at the 114.50 level area and then on Wednesday increased up to 116.50.

There is side exchange fluctuations within the 114.50 - 116.60 area.
Recommencement of side exchange fluctuations within the 114.40-116.60 region can be expected. But its chances are bad. Last week the lower fluctuations limit fell to 114.40. But there wasn’t less than 114.00 limit decline. The upward trend up to 116.60 says about high probability of overcoming of this limit as well. These side exchange fluctuations limits overcoming will lead to the next two development (20%).

There is a downward trend to the 113.40-114.00 area.
The course decline can continue in case of fixing below 114.50. In that case the nearest decline target of the 113.40-114.00 region will easily be reached during the week. After that the correcting rebound can arise again (40%).

 

[tomo1]

need to update your post

 

[user510842]

Chart: USDJPY

JPY remains the highest beta currency as JPY crosses are reversing higher just as quickly as the sold off in recent days as the US GDP triggered a move higher in bond yields. Note that USDJPY found support right on the 21-day moving average, which has been an important MA on several occasions over the recent cycle. For resistance, we'll watch the 91.54 retracement level (0.618 Fibo of recent sell-off) and the 92.00-area daily Ichimoku cloud resistance (not shown here.). JPY will need new local lows in bond yields to work back below 90.00 in USDJPY.