• USD/JPY rose on Tuesday as the outlook for the greenback remained bullish after a relentless rally over the past several days in the wake of Republican Donald Trump's U.S. election win.
   
• The dollar quickly regained its footing in US session, helped by U.S. existing home sales data which hit more than 9-1/2-year high in October.
   
• Further downside is expected to be limited as the pair finds strong support at 109.91 should limit further decline and bring rebound towards higher levels in the short term.
   
• To the upside, the strong resistance can be seen at 111.40, a break above this level would take the pair towards next resistance level at 111.84.
   
• To the downside immediate support can be seen at 110.65, a break below this level will open the door towards next level at 109.91.
  
  Resistance Levels
  
  R1: 111.40 (38.2% Retracement Level)
  
  R2: 111.84 (April 29th high)
  
  R3: 112.29 (23.6% Retracement Level)
  
  Support Levels
  
  S1: 110.65 (50% Retracement Level)
  
  S2: 109.91 (61.8% Retracement Level)
  
  S3: 109.00 (Psychological levels)