USDJPY 110.90 major resistance

The US dollar has recovered above the 110.40 resistance level against the Japanese yen, with the risk-sensitive pair so far finding weekly resistance from the 110.68 level. The USDJPY pair has a bullish intraday bias while trading above the 110.40 level, although major weekly resistance is located at the 1110.90 level. Technical indicators on the four-hour time frame have now corrected back towards neutral trading conditions.

• The USDJPY pair is bullish while trading above the 110.40 level, key resistance is found at the 110.90 and 111.30 levels.

• If the USDJPY pair trades below the 110.40 level, sellers may test towards the 110.00 and 109.70 support levels.