USDJPY increasingly bullish
The US dollar is advancing against the Japanese yen currency on Tuesday, with the pair now testing the key 110.00 resistance level. USDJPY bulls are likely to test towards the 110.30 resistance level if they can gain traction above the 110.00 level. If the USDJPY pair breaks above the 110.30 resistance level a stronger upside rally towards the 111.00 level should take place.
The USDJPY pair is only bearish while trading below the 109.70 level, key support is found at the 109.35 and 109.00 levels.
The USDJPY pair is only bullish while trading above the 109.70 level, key resistance is found at the 110.30 and 111.00 levels.