USD / JPY Bullish; Can it penetrate resistance?
Reference Area: 110.20 – 110.38 (search for BULLISH signal confirmation)
Support: 109.90, 110.20, 110.38
Resistance: 110.67, 110.97, 111.15
Daily bias of USDJPY movement is in BULLISH condition and currently the price is trying to test the resistance area. Beware of stochastic indicator is in potentially bearish condition. If USDJPY move down and hold strong at support 110.20 – 110.38 then look for confirmed BUY signal which there is potential price move back up towards resistance at 110.67 – 110.97. But if support at 110.20 penetrated that there is potential price will move down towards support at 109.90.