The US dollar is attempting to recover higher against the Japanese yen currency, as the pair challenges the 106.00 resistance zone. USDJPY bulls may attempt to form an important new higher-high by breaking above the 106.57 resistance level. Overall, USDJPY bulls remain in control over the short-term horizon while price trades above the 105.80 support level

The USDJPY pair is only bearish while trading below the 105.80 level, key support is found at the 105.30 and 104.80 levels.

The USDJPY pair is only bullish while trading above the 105.80 level, key resistance is found at the 106.57 and 106.80 levels.

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