The US dollar is remaining under pressure against the Japanese yen currency, as bearish price patterns continue to form across the lower time frames. The USDJPY pair could fall towards the 109.10 support level if sellers activate a head and shoulders pattern, around the 109.35 level. It should be noted if the USDJPY pair trades above 109.70 level then the bearish pattern will be invalidated.
The USDJPY pair is only bullish while trading above the 109.70 level, key resistance is found at the 109.93 and 110.10 levels.
The USDJPY pair is only bearish while trading below the 109.70 level, key support is found at the 109.35 and 109.10 levels.
