USDJPY STRONGLY BULLISH ABOVE 112.87
The US dollar has moved above the 113.00 resistance against the Japanese yen currency after buyers performed a key technical breakout above the 112.87 level. The USDJPY pair now has a strong intraday bullish bias and is supported by overall US dollar strength. Buyers need to break the 113.30 resistance level for further bullish advancement, while sellers need to push price below the 112.87 level.
The USDJPY pair is strongly bullish while trading above the 112.87 level, key resistance is now found at the 113.30 and 113.80 levels.
If the USDJPY pair trades below the 113.00 level, sellers are likely to test the 112.87 and 112.45 support levels.