USDJPY range break possible
The US dollar is still moving higher against the Japanese yen currency, with bulls targeting a major breakout above the 109.70 level. A strong US jobs number today could see the USDJPY pair breaking the 110.00 resistance level and targeting 111.00. Worse-Than-Expected US jobs figure today could cause the USDJPY pair to pullback towards the 109.00 support level.
The USDJPY pair is only bullish while trading above the 109.000 level, key resistance is found at the 109.70 and 110.50 levels.
The USDJPY pair is bearish while trading below the 109.00 level, key technical support is found at the 108.70 and 108.40 levels.