USDJPY turns bullish
The US dollar continues to advance against the Japanese yen currency on Tuesday as overall risk-sentiment in financial markets continue to improve. The USDJPY pair has now turned bullish, with the 111.68 level critical technical resistance before the 112.00 level. The USDJPY pair will only turn intraday bearish if sellers can once again move price below the pivotal 110.90 support level.
The USDJPY pair is bullish while trading above the 110.90 level, key resistance is found at the 111.68 and 112.00 levels.
If the USDJPY pair falls under the 110.90 level, sellers may test towards the 110.66 and 110.40 support levels.