FXstreet.com (Barcelona) - The Yen posted gains in a day of weak economic data. The ActionForex Technical Team affirms: USD/JPY's fall from 104.82 continues in early US session and break of 103.75 minor support confirms that an intraday top is in place. Intraday bias is flipped back to the downside for lower channel support (now at 101.90).
Furthermore, the ActionForex Technical Team advances: Note that another rise to 104.96/108.59 resistance zone as long as this channel support holds. However, break will be the first signal that whole corrective rebound from 95.77 has completed and will put focus back to 100.02 support.