Contributors Technical Analysis USD/JPY Analysis: Might Reach 114.40

USD/JPY Analysis: Might Reach 114.40

USD/JPY is slowly but steadily continuing its surge upwards. By the middle of Friday the pair had made three attempts to surge above the resistance of a pivot point level at 113.60.

If that level gets broken, the rate will have a free range without any technical resistance levels up to the 114.40 level where the next notable pivot point is located at. Although, take into account that on Monday new weekly pivot points will be calculated and a pivot point might stand in the way of a surge.

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