USDJPY

Overall structure remains firmly bearish as the pair is in red for the eighth straight day and attacking again 111.00 support, after recovery attempt from yesterday’s fresh four-month low at 110.71 was capped at 111.56.
Today’s fresh bears probe again below the top of thick weekly Ichimoku cloud, which offers strong support and counteract bears.
Weekly close below cloud top (111.36) is needed to confirm bearish continuation and expose psychological 110.00 support.
However, strongly oversold slow stochastic on daily chart and daily RSI breaking into negative territory, warn of consolidation / correction. Stronger upside signals could be expected on close above weekly cloud top and extension above former base at 111.60 zone.

Res: 111.36; 111.60; 112.00; 112.54
Sup: 110.71; 110.21; 110.00; 109.35