The US dollar has staged a marginal pullback against the US dollar, following a move lower in Asian equity markets this morning. The 110.20 level is now the key resistance area that USDJPY bulls need to break in order to advance towards the 111.00 level. Overall, a pullback towards the 109.70 support level is possible while the USDJPY pair trades under the 110.00 level.
The USDJPY pair is only bearish while trading below the 109.70 level, key support is found at the 109.30 and 109.00 levels.
The USDJPY pair is only bullish while trading above the 109.70 level, key resistance is found at the 110.20 and 110.50 levels.
