The US dollar is trading towards the best levels of the week against the Japanese yen currency, as traders attempt to break the 109.60 resistance level. A breakout above the 109.60 level should see the USDJPY pair advancing towards the 110.00 resisance level. Failure to move past the 109.60 resistance level could see the USDJPY pair sold back towards the 109.00 support level.
The USDJPY pair is only bullish while trading above the 109.30 level, key resistance is found at the 109.60 and 110.0 levels.
The USDJPY pair is only bearish while trading below the 109.30 level, key technical support is found at the 109.00 and 108.60 levels.
