The US dollar is still holding onto its recent gains against the Japanese yen currency, with price trading around the 109.50 level. A sustained breakout above the 109.70 resistance should see the USDJPY pair rallying towards the 110.20 level at a minimum. Looking at the downside, a breakout under the 109.15 level should trigger USDJPY weakness towards the 108.80 support level
The USDJPY pair is only bullish while trading above the 109.15 level, key resistance is found at the 109.70 and 110.20 levels.
The USDJPY pair is only bearish while trading below the 109.15 level, key technical support is found at the 109.00 and 108.80 levels.
