USDJPY awaiting breakout
The US dollar is trading with a neutral bias against the Japanese yen currency, as the pair continues to suffer from a clear price trend. Short-term technical analysis shows that the USDJPY pair could fall towards the 105.30 area if the 105.60 support level is broken. To the upside, USDJPY bulls could attack toward the 106.80 technical level if the pivotal 106.50 resistance zone is broken.
The USDJPY pair is only bearish while trading below the 105.60 level, key support is found at the 105.20 and 104.80 levels.
The USDJPY pair is only bullish while trading above the 105.60 level, key resistance is found at the 106.50 and 106.80 levels.