USDJPY REJECTED AT 114.00 RESISTANCE
The US dollar is testing former breakout resistance now turned support against the Japanese yen currency after a second technical rejection from the 114.00 level. The intraday bias surrounding the USDJPY pair is bullish while trading above the 113.81 level. Buyers will likely aim for the 114.54 level, while technical sellers need to close the week below the 112.90 support level.
The USDJPY pair is only intraday bullish while trading above the 113.81 level, key resistance is found at the 114.10 and 114.54 levels.
If the USDJPY pair moves below the 113.81 level, key support is found at the 113.37 and 112.90 levels.