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USDJPY: Strengthens, Continues To Trade Above Key Resistance

USDJPY: The pair looks to extend its recovery higher as it continues to strengthen further above its key support located at 106.24. On the downside, support lies at the 106.00 level where a break if seen will aim at the 105.50 level. A cut through here will turn focus to the 105.00 level and possibly lower towards the 104.50 level. On the upside, resistance resides at the 107.00 level. Further out, we envisage a possible move towards the 107.50 level. Further out, resistance resides at the 108.00 level with a turn above here aiming at the 108.50 level. On the whole, USDJPY faces further upside pressure

USDJPY: Strengthens, Continues To Trade Above Key Resistance

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