USDJPY STRUGGLING TO FIND DIRECTION



USDJPY STRUGGLING TO FIND DIRECTION


The US dollar is struggling to find a directional bias level against Japanese yen currency,  with the pair largely unchanged from its opening price on Friday. Sellers may start to take control of short-term price action if buyers fail to create new higher price highs. USDJPY buyers need to break above the key 110.00 level to encourage technical buying towards the 110.40 resistance area.


The USDJPY pair is intraday bearish while trading below the 109.60 level, key technical support is found at the 109.14 and 108.85 levels.


If the USDJPY pair moves above the 110.00 level, buyers may test towards the 110.40 and 110.80 levels.











Previous Post
Next Post
Related Posts

Follow by Email