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.