USDJPY (111.68): The USDJPY currency pair has stalled the upside momentum. Price action has failed to post any significant gains. However, we could expect the trend to resume in the near term. This would push the USDJPY to test the next main target at 112.50. Failure to maintain the bullish trend could see the USDJPY easing back to test the breached resistance level at 111.21 where support could be firmly established. This would still see the USDJPY maintaining the upside bias as a result.
