The intraday bias in USD / JPY remains neutral right now. The price actions from 76.57 are treated as second leg of the corrective pattern from 79.52. Thus, while values ​​greater than 78.22 will climb to another, the rise should be limited below 79.52 and should lead to a reversal. On the downside, the values ​​below 77.61 will indicate that the third leg and capovolgeranno started the trend back to the downside for 77.13 support. A break would confirm and make a target at 76.57 and lower.

You can see that currently there are no signs on to long-term reversal in USD / JPY, although the strength of the down side is diminishing with bullish convergence condition in weekly MACD. USD / JPY is still conducting trade within the downward channel started in 2007 to 124.13 and below the 55-week exponential moving average, well below 55 months of the descendants of the exponential moving average. The rebound from a low of 75.56 and may extend further than to the psychological level of 80, may still be only a corrective rally in three waves. At the moment, therefore, it is preferable to follow the break of the 55 weeks of exponential moving average (now at 79.83) instead consider the case of a reversal. The break of 85.51 resistance will be confirmed. Otherwise, all that will happen from now on will be regarded as a corrective and a possible break of a minimum of 75.56 at the psychological level of 70 is still likely.

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