USDJPY: Extends Upside Pressure On Bullish Bias

USDJPY: The pair continues to face upside pressure as it closed higher on Monday. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level. On the upside, resistance resides at the 112.00 level. Further out, we envisage a possible move towards the 112.50 level. Further out, resistance resides at the 113.00 level with a turn above here aiming at the 113.50 level. On the whole, USDJPY looks vulnerable to the downside.

USDJPY

 

Interested in USDJPY technicals? Check out the key levels

    1. R3 111.34
    2. R2 111.17
    3. R1 111.07
  1. PP 110.91
    1. S1 110.81
    2. S2 110.65
    3. S3 110.55

 

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