USDJPY Testing resistance
The US dollar has recovered back towards critical weekly resistance against the Japanese yen currency, following the news that President Trump’s health is starting to improve. Technical analysis highlights the 105.60 level as the major resistance barrier prior to the 105.80 level. To the downside, failure to break above the 105.80 level could provoke a retest of the 105.00 support area.
The USDJPY pair is only bearish while trading below the 105.30 level, key support is found at the 105.00 and 104.60 levels.
is only bullish while trading above the 105.30 level, key resistance is found at the 105.60 and 105.80 levels.