fxstrategist007: The rally on the USDJPY has taken the pair to the 110.00 level and it could break that zone to the upside. Its next resistance could be the 111.00 level. To the downside, the 109.00 level could act as support.
Usd/Jpy pulled back and consolidating short term, but long term the pair still appear to be bullish. Break below the support level around 108.63 could signal a deeper pullback.
There is a resistant on 110.0 and now the price going down. If they can break support level on 109.0 the the chart will continue to fall.
The rally on the USDJPY has taken the pair to the 110.00 level and it could break that zone to the upside. Its next resistance could be the 111.00 level. To the downside, the 109.00 level could act as support.
I agree. I think we may see that happening after the NFP today.