USDJPY Targets More Strength Towards The 120.56 Zone

USDJPY: The pair remains on the offensive as it looks to push further higher towards its resistance at 120.56. On further bullishness, risk should build up towards the 121.00 level. Above here will aim at the 121.50 level. A break will target the 122.00 level. Further out, resistance comes in at the 122.50 level where a violation will aim at the 122.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support comes in at the 119.50 level where a break will target the 118.50 level. Below here if seen will aim at the 119.00 level followed by the 118.50 level. Further down, support is located at 118.00 level. On the whole, USDJPY remains exposed to the upside on further bull pressure


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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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