• USD/JPY declined on Tuesday as political uncertainty from the United States to the Middle East and weakness in commodity markets pushed investors towards safe-haven Japanese yen.
   
• The yen also gained amid prevailing caution as an Arab rift opened up around Qatar, and ahead of testimony from the former head of the FBI, a British election and the European Central Bank's next move which all happen on Thursday.
   
• The pair remains under bears control unless until it trades below 110.03 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 109.62, a break above this level would take the pair towards next resistance level at 110.03.
   
• To the downside immediate support can be seen at 109.27, a break below this level will open the gates towards next level at 109.00.
  
  Resistance Levels
  
  R1: 109.62 (50% Retracement level)
  
  R2: 110.03 (61.8% Retracement level)
  
  R3: 110.56 (Daily high)
  
  Support Levels
  
  S1: 109.27 (38.2% Retracement level)
  
  S2: 109.00 (Psychological levels)
  
  S3: 108.81 (23.6% Retracement level)