• USD/JPY bounced-off 101.75 to retake the 102 handle, US dollar staged a solid comeback against its Japanese counterpart over the last hour.
   
• Upside finds immediate resistance at 102.08 (20-DMA). Momentum studies are neutral, Techs have a bearish bias.
   
• Major resistance seen at 102.72 (50-DMA), only decisive break above to see reversal in the bearish trend.
   
• Major support levels - 101.92 (50% Fib), 101.73 (session low), 101.36 (61.8% Fib)
   
• Major resistance levels - 102.08 (20-DMA), 102.49 (38.2% Fib), 102.72 (50-DMA)
   
• Poor US retail sales and PPI data have cemented expectations of stable Fed next week.
   
• Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-fails-at-major-trendline-resistance-at-10340-good-to-sell-rallies-286108) has hit TP1.
   
• Downside intact as long as pair holds below 50-DMA at 102.72.
   
• We recommend holding for targets.