USDJPY further bullish above 111.60
The US dollar is pushing higher against the Japanese yen currency on Tuesday, with bulls performing a strong recovery from key trendline support. If the USDJPY pair breaks above the 111.60 level, traders should expect further upside towards the 112.00 level. Sustained technical failure around the 111.60 level may provoke sellers to move price back towards the 111.10 support level.
If the USDJPY pair trades above the 111.60 level, buyers may test towards the 112.00 and 112.50 resistance levels.
Technical failure around the 111.60 level may provoke sellers to test back towards the 111.30 and 111.10 support levels.