Sat, Jul 31, 2021 @ 02:19 GMT
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USDJPY Slight Bearish Bias

The US dollar is struggling to find a directional bias against Japanese yen currency, as buyers and sellers continue to battle for control of the risk-sensitive pair. The USDJPY pair has a slight intraday bearish bias, after an earlier failed attempt at the 109.88 level created a bearish lower daily high. Overall, a break from the 109.14 to 109.88 price range is needed to provoke technical selling.

The USDJPY pair is intraday bearish while trading below the 109.60 level, key technical support is found at the 109.14 and 108.90 levels.

If the USDJPY pair trades above the 109.60 level, buyers may test towards the 109.88 and 110.40 levels.

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