BULLISH MOVE ON USDJPY
USD/JPY Intraday Bullish
Pivot point: 105.49
The USDJPY was trending bullish closing at the first resistance level of 105.55. If the bullish momentum returns, then the pair might recover to the resistance of 105.76 and extend further to 105.96. However, if the bear strikes then the pair could fall to 105.30 and possible to break the second support level of 105.04.
Resistance level 1: 105.76 Resistance level 2: 105.96 Resistance level 3: 106.22
Support level 1: 105.30 Support level 2: 105.04 Support level 3: 104.84
Pivot point: 105.49
The USDJPY was trending bullish closing at the first resistance level of 105.55. If the bullish momentum returns, then the pair might recover to the resistance of 105.76 and extend further to 105.96. However, if the bear strikes then the pair could fall to 105.30 and possible to break the second support level of 105.04.
Resistance level 1: 105.76 Resistance level 2: 105.96 Resistance level 3: 106.22
Support level 1: 105.30 Support level 2: 105.04 Support level 3: 104.84
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