USDJPY

The pair stands at the back foot on Tuesday after failing to extend strong rally on Monday which also managed to register marginal close above pivot at 113.75 (broken Fibo 76.4%of 115.49/108.11 descend).
Overall picture remains biased higher for renewed attempts towards recent peaks and upside rejection at 114.36.
Rising daily Tenkan-sen that contained action of yesterday/ today, offers immediate support at 113.21, followed by key near-term support at 112.92 (100SMA) which is expected to hold current corrective phase and keep overall bulls intact.
Otherwise, stronger correction of 108.11/114.36 rally could be anticipated on sustained break below 100SMA pivot.

Res: 113.75; 113.93; 114.36; 114.87
Sup: 113.21; 113.07; 112.92; 112.38