• USD/JPY rose on Thursday as dollar strengthened after investors turned their focus to the monthly employment data on Friday, after better-than-expected private sector hiring pointed to strength in the labor market.
   
• The ADP private sector employment report showed that 253,000 jobs were added in May, well above the 185,000 jobs estimated by economists.
   
• The ongoing upside is set to continue for this pair as the support level at 110.48 is likely to act as strong barrier to the bears.
   
• To the upside, the strong resistance can be seen at 111.74, a break above this level would take the pair towards next resistance level at 112.00.
   
• To the downside immediate support can be seen at 111.05, a break below this level will open the door towards next level at 110.48.
  
  Resistance Levels
  
  R1: 111.48 (Session high)
  
  R2: 111.74 (23.6% Retracement Level)
  
  R3: 112.00 (Psychological levels)
  
  Support Levels
  
  S1: 111.05 (38.2% Retracement Level)
  
  S2: 110.48 (50% Retracement Level)
  
  S3: 109.92 (61.8% Retracement Level)