USDJPY: Bullish, Eyes Further Upside.

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As long as 112.18 – broken resistance turns support – holds on a daily closing basis, the USDJPY remains on the upside to the 113.15 levels, further upside, resistance stands at the 114.00 levels ahead of the 115.00 levels.

On the downside, support comes at the 112.18 levels, below that level sees a pullback risk to the 111.04/110.25 levels.

Conclusion: The USDJPY continues to face upside threats above the 112.18 levels…

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Further Reading

MARKET DATA

UPCOMING ECONOMIC EVENTS