The medium term trend remains up, but trade is fighting to hold and rebounded off the 117.70 target. Market action alerts for a potential bottoming turn. We may see dips around 117.70, but a close under 117.70 is needed to renew bear pressures ⇒ 116.30 support for the Yen to fluctuate between the 116.00 - 115.00 for a while. After that the USDJPY shall hit new highs above 118.80 - 119.00.
Resistance 2 118.80
Resistance 1 118.52
Support 1 118.06
Support 2 117.70
Resistance 2 118.80
Resistance 1 118.52
Support 1 118.06
Support 2 117.70
