UsdJpy outlook

19 Feb 2020

For the past 2 weeks, UsdJpy consolidated in a 50 pips tight range. The pair is now trading on the top of the range, just above 110.00 figure. A break and a close above 110.20 would expose the important 112.00 resistance. Alternatively, a close under 109.60 could accelerate losses and expose 108.50 support.