The US dollar
has recovered back above 110.00 level against the Japanese yen
currency following a brief correction towards the 109.70 support level
bulls now appear to be launching a fresh attack towards key breakout resistance, at the 110.60 resistance level
. Technical indicators on the four-hour time frame are still pointing higher as short-term bullish
momentum continues to grow.
pair is bullish
while trading above the 109.66 level, key resistance is found at the 110.20 and 110.60 levels.
If the USDJPY
pair trades below the 110.00 level, key intraday support is found at the 109.66 and 109.00 levels.