The US dollar is holding onto recent trading gains against the Japanese yen, with price probing against the current monthly trading high. A break above the 109.70 resistance level exposes the USDJPY pair to further gains towards the 110.20 level at a minimum. Overall, the USDJPY pair should continue to move higher while clearly trading above the important 109.15 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.
