USDJPY STRUGGLING WITH 113.37 RESISTANCE LEVEL
The US dollar is struggling to break above the 113.37 resistance level against the Japanese yen currency, as traders remain cautious ahead of the US mid-term elections. The overall sentiment surrounding the USDJPY pair is bullish while price trades above the 112.87 level. Technical sellers need to force price below the 112.54 level, while buyers will look to target the 113.90 level.
The USDJPY pair is bullish while trading above the 112.87 level, key resistance is now found at the 112.37 and 112.90 levels.
If the USDJPY pair trades below the 112.87 level, sellers are likely to test the 112.54 and 111.85 support levels.