USDJPY (110.90): The USDJPY currency pair managed to rebound with price action pushing to the upside over the past few sessions. The resistance level at 111.21 remains in sight for another firm retest. This could confirm the upside bias for the bullish ascending triangle pattern on the daily time frame. A breakout above this level might see USDJPY posting further gains. The next primary target should be at 112.54.
