USDJPY (110.83): The USDJPY posted some modest gains as price finally tested the upside target at 111.21 albeit rather briefly. Price posted a strong reversal off this resistance level with the past few sessions on the 4-hour chart pushing lower. With the upside target on a test, the USDJPY could potentially seek to retest the lower support at 109.74. A retest of this support will, however, keep the bias intact. The USDJPY trades flat currently within the said range.
