USDJPY still bearish

The US dollar continues to struggle with the 109.00 resistance level against the US dollar, keeping the pairs overall short-term bearish trading bias intact. Sustained weakness below the 108.20 level will be the trigger for a bearish decline under the 107.90 technical area. Overall, short-term traders should watch for a sharp reversal in the USDJPY pair from current trading levels.

•  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 108.20 and 107.90 levels.