The US dollar has continued to mover lower against the Japanese yen currency during the European trading session, with the pair approaching its current monthly trading low. The USDJPY pair could experience heavy technical selling if the 108.20 support level is broken. The 107.90 level offers interim technical support, while the 107.50 level is key weekly technical support.
The USDJPY pair is only bullish while trading above the 109.30 level, key resistance is found at the 109.60 and 110.00 levels.
The USDJPY pair is only bearish while trading below the 109.30 level, key technical support is found at the 107.90 and 107.50 levels.
