USDJPY: Sets To Extend Further Upside…
As long as 111.58 support holds on a daily closing basis. The USDJPY remains on the upside to 112.17 level ahead of 112.50 level. A halt is likely, it may test 112.17 before attempts to break above 112.50. Anyway; above 112.50 resistance comes in the 113.16 level ahead of the 113.62 level.
On the downside, support comes at 111.58 levels, below 111.58 sees a pullback threat to 110.70/110.30 before another rise…
In conclusion: The USDJPY sees upside threats above 111.58 levels…
Support: 111.58, 110.70, 110.30, 109.83, 109.52
Resistance: 112.17, 112.50, 113.16, 113.62, 114.20
