During the previous trading session, the USD/JPY currency pair tried to surpass the psychological level at 107.20. During Friday’s morning, the pair was trading at the 107.60 mark.
On the one hand, the exchange rate could maintain its growth. However, note, that the rate has to surpass the resistance formed by a combination of the 55– and 100-hour SMAs, as well the monthly PP at 107.84.
On the other hand, the pair could reverse south within the following trading hours and target the given psychological level. Note, that in this case the rate would have to surpass the weekly S1 at 107.49.