USDJPY: Bullish But Hesitates Ahead Of 112.67 Levels!

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As long as 111.32 – broken resistance turns support – holds on a daily closing basis, the USDJPY remains on the upside to the 112.67 levels, a halt is likely and it may turn lower from here but if this fails to happen, next resistance 113.95 levels, further upside, resistance stands at the 114.87 levels.

On the downside, support comes at the 111.32 levels, below that level sees a pullback risk to the 110.25 levels ahead of the 109.54/109.23 levels

Conclusion: The USDJPY continues to face upside threats above the 111.32 levels…

 

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Further Reading

MARKET DATA

UPCOMING ECONOMIC EVENTS