The US dollar continues to push higher against the Japanese yen currency as the pair shows few signs of stopping ahead of today’s Non-farm payrolls job report. A large head and shoulders pattern has recently been invalidated and is warning of a coming rally towards the 113.00 level. Traders may buy any pullback towards the 111.00 support area in expectation of further gains.
The USDJPY pair is only bullish while trading above the 111.00 level, key resistance is found at the 112.10 and 113.00 levels.
The USDJPY pair is only bearish while trading below the 111.00 level, key support is found at the 110.50 and 110.10 levels.
