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FxWirePro: USD/JPY hovers around 109.00, intraday bias remains bullish

USD/JPY is currently trading around 109.06 marks. It made intraday high at 109.21 and low at 108.74 levels. Intraday bias remains bullish till the time pair holds key support at 108.68 marks. A daily close below key supp…

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FxWirePro: USD/JPY hovers around 109.00, intraday bias remains bullish
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  • USD/JPY is currently trading around 109.06 marks.
     
  • It made intraday high at 109.21 and low at 108.74 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 108.68 marks.
     
  • A daily close below key support 108.68 will take the parity down towards 108.18, 107.43 and 105.72 levels.
     
  • On the other side, a sustained break above 109.68 will take the parity towards 112.60 levels.
     
  • On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks respectively.

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