USDJPY Turning bullish
The US dollar is starting to appear more bullish against the Japanese yen currency after finding strong buying interest from the 103.80 level. The USDJPY pair is expected to advance towards the 105.80 area if bulls can maintain price above the 104.80 level. Technical analysis shows that the USDJPY pair could breakout towards the 107.00 area if the price moves above the 105.80 level.
The USDJPY pair is only bearish while trading below the 104.50 level, key support is found at the 103.80 and 103.50 levels.
The USDJPY pair is only bullish while trading above the 104.50 level, key resistance is found at the 105.80 and 107.00 levels.