USDJPY 106.00 major resistance

 The US dollar is recovering pressure against the Japanese yen currency, following bullish comment towards future Sino-US trade talks from President Trump. The USDJPY pair remains vulnerable to further losses if bears move price back under the 105.50 level. From a technical perspective, a break above the 106.00 level is likely to prompt a move towards the 106.40 level.

• The USDJPY pair is only bullish while trading above the 106.00 level, key technical resistance is found at the 106.40 and 107.00 levels.

• The USDJPY pair is bearish while trading below the 106.00 level, key support is found at the 105.00 and 104.60 levels.