USDJPY 109.00 pivotal
The US dollar has moved towards the 108.90 level against the Japanese yen currency, following bullish news towards an upcoming Sino-US trade deal. USDJPY bulls need to advance price above the 109.00 level to change the bearish short-term sentiment towards the pair. Overall, the USDJPY pair is still vulnerable to a decline towards the 107.50 level while trading under the 109.00 level.
The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.30 and 109.60 levels.
The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 107.90 and 107.50 levels.