Bullish Move on USDJPY Persist
USD/JPY Intraday Bullish
Pivot point: 106.35
Resistance level 1: 106.87 Resistance level 2: 107.20 Resistance level 3: 107.71
Support level 1: 106.02 Support level 2: 105.51 Support level 3: 105.18
Comment: USDJPY has been keep up the bullish momentum with the pair closing above the first resistance level of 106.49. If the bullish trends continues then the pair might push to the resistance of 106.87 and extend further to 107.20. However, if the bear counters then the pair could fall to 106.02 and possibly break the second support level of 105.51.
Pivot point: 106.35
Resistance level 1: 106.87 Resistance level 2: 107.20 Resistance level 3: 107.71
Support level 1: 106.02 Support level 2: 105.51 Support level 3: 105.18
Comment: USDJPY has been keep up the bullish momentum with the pair closing above the first resistance level of 106.49. If the bullish trends continues then the pair might push to the resistance of 106.87 and extend further to 107.20. However, if the bear counters then the pair could fall to 106.02 and possibly break the second support level of 105.51.
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