USDJPY CONTINUES TO TRADE TOWARDS 113.00
The US dollar continues to press higher against the Japanese yen currency, following a major technical-break above the 111.39 level on Wednesday. The USDJPY pair is moving towards the 112.50 level, with buyers likely to target the 113.00 resistance level over the coming trading-sessions. Buyers may target the December 2017 trading-high around the 113.40 level, while sellers will look to push price back towards the 111.39 level.
The USDJPY pair is strongly bullish while trading above the 111.39 level, key resistance is now found at the 113.10 and 113.40 levels.
If the USDJPY pair fails around current trading levels, the 112.00 and 111.39 levels offer major technical support.