The US dollar is attempting to gain upside momentum against the Japanese yen currency, following minor bullish news regarding upcoming Sino-US trade talks. The 107.70 level remains the key weekly pivot point, with the low currently extending towards the 107.30 level. Gains above the 107.70 level may encourage traders to once again test the 108.00 resistance level.
The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels.
The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.30 and 106.90 levels.
