USDJPY 110.20 highlighted

The US dollar is starting to push higher against the Japanese yen currency, following renewed demand for pair above the 109.00 level. Technical analysis is showing that the USDJPY pair could rally towards the 110.20 level if the 109.70 resistance level is broken. Overall, the USDJPY pair appears to be headed higher and is support by a bullish reversal pattern on the lower time frames.

•  The USDJPY pair is only bullish while trading above the 109.15 level, key resistance is found at the 109.70 and 110.20 levels. 

• The USDJPY pair is only bearish while trading below the 109.15 level, key technical support is found at the 109.00 and 108.80 levels.