USDJPY STILL BEARISH BELOW 110.25
The US dollar has recovered above the 110.00 level against the Japanese yen currency after sellers failed to push price below the 109.54 support level. The USDJPY pair has so far found technical resistance from the 110.25 level, and currently price trades just above the key 110.00 level. The intraday sentiment surrounding the USDJPY pair remains bearish while price trades below the 110.25 level.
The USDJPY pair is intraday bearish while trading below the 110.25 level, futher losses towards the 109.54 and 109.19 levels seems likely.
If the USDJPY pair moves above the 110.25 level, buyers may test towards the 110.48 and 111.00 levels.