* postal fund around 117.00-10 as usual providing little lasting support. The pair has dropped to a fresh four-day low of 116.98 amid talk of sales from a major German player.
Technically, USD/JPY now finds support at 116.85 Gann 50-point pivot, which targets 116.35 and 117.35. Large sell-stops are rumored below 116.50. The pair's decline was forecast by Monday bearish reversal signal on the candlestick chart (doji).
The outlook is slightly bearish.

Support: 116.98 (overnight low), 116.85 (Gann 50-point pivot; targets: 116.35/117.35), 116.70 (20-day moving average), 115.50 (Gann 50-point pivot; targets: 115.00/116.00), 114.35 (Feb. 6 low), 114.20 (Gann 50-point pivot; targets: 113.70/114.70), 114.36 (60-day moving average), 112.90 (Gann 50-point pivot; targets: 112.40/113.40).
Resistance: 117.63 (overnight high), 117.96 (Feb. 12 high), 118.25 (Gann 50-point pivot; targets: 117.75/118.75), 119.00 (38.2% Fibonacci retracement level of the August 1998-December 1999 downtrend), 119.65 (Gann 50-point pivot; targets: 119.15/120.15), 119.90 (Jan. 18 high; 18-month high).