USDJPY heavily bearish below 110.13 level
The US dollar has resumed its recent downtrend against the Japanese yen currency during the European trading session, with the pair falling to a fresh December trading low. The USDJPY pair is heavily bearish while trading below the 110.13 support level, a continuation of the down move under the psychological 110.00 level will likely trigger heavy technical selling in the pair.
The USDJPY pair is heavily bearish while trading below the 110.13 level, key technical support is now found at the 110.00 and 109.76 levels.
If USDJPY pair trades above the 110.13 level, buyers may test towards the 110.48 and 110.80 resistance levels.