USD/JPY - 91.71

Original strategy :

Sell at 92.05, Target: 91.10, Stop: 92.55

New Strategy :

Stand aside

Despite intra-day fall to indicated downside target at 91.08 (100% projection of 93.65-91.76 measuring from 92.97), as the greenback found good support there and has rebounded on short-covering, suggesting consolidation would be seen and test of intra-day resistance at 92.24 cannot be ruled out, however, break there is needed to signal low has been formed and then test of Ichimoku cloud top (now at 92.53) would follow.

Below said support would signal decline from 93.65 is still in progress, then weakness to 90.80/85 (50% Fibonacci retracement of 87.95-93.65 and previous support) and possibly 90.64 (1.236 times projection) would be seen but 90.00 would remain intact.

As near term outlook has turned mixed, stand aside for now.