The US dollar continues to breakout against the Japanese yen currency, with bulls now attacking above the 105.00 resistance level. Technical analysis highlights that the USDJPY pair could surge towards the 106.00 and possibly 107.00 resistance zones this week. Any technical pullbacks towards the 104.50 or 104.30 levels will likely be seen as a major buying opportunity this week.
The USDJPY pair is only bullish while trading above the 104.50 level, key resistance is found at the 105.50 and 106.00 levels.
The USDJPY pair is only bearish while trading below the 104.50 level, key support is found at the 104.30 and 103.90 levels.
