The US Dollar has paused its surge against the Japanese Yen. The pause from a technical perspective was caused by the resistance of the weekly R1, which is located at the 113.36 level.
If the level gets passed, the rate is set to gradually surge up to the next technical level, which is the weekly R2 at 113.74.
On the other hand, after a sudden surge upwards, like the one which occurred on Friday, the currency pair has to consolidate its gains or even experience a pullback. If this becomes reality, the rate will trade sideways or even retrace back down to the 113.00 level
