USD/JPY Technical Analysis: US dollar vs the Yen bounces at 110.162 support

Denis Joeli Fatiaki Independent Analyst

USD vs the Yen pierced through 110.485 and 110.694 resistance in yesterday's trading session but failed to hold above 110.694 during the European session driving prices down to 110.162 support. The major trend is still bullish and we could potentially see a run to the upside to re-test 110.485 and 110.694 resistance if the US dollar can maintain activities above 110.162. failure to hold above 110.162 could see prices fall to109.62 - 109.801 support

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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