USDJPY: Bullish, But Hesitates Ahead Of Key Resistance 112.18

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As long as 111.04 support holds on a daily closing basis, the USDJPY remains on the upside towards the 112.18 levels, a halt is likely but a break would open 113.15, further upside, resistance comes at the 114.00 levels

On the downside, support stands at the 111.04 levels, with a break below here turning the focus on the 110.25 levels, further down, support lies at the 109.23 levels.

Conclusion: The USDJPY continued to face upside threats above the 111.04 levels with risk towards the 112.18 levels, below 111.04 sees a pullback risk to the 110.25/109.23 levels before another rise…

 

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