USD/JPY remains firm on top of short-run rising trend-line.
106.65/70 remains because the key top barrier.
With one-week-old upward sloping trend-line portrayal the USD/JPY pair’s strength, the quote takes the bids to 106.60 heading to the Europe market open on weekday.
Buyers’ immediate attention are going to be on 106.65/70 horizontal-area comprising multiple highs since early-month, an opportunity of which may quickly propel the costs to 107.00 whereas Gregorian calendar month month low close to 107.21 might please patrons later.
On the contrary, 23.6% Fibonacci retracement level of 106.50 will function immediate support prior lightness 106.30 support-line.
In a case wherever sellers sneak in and break the key trend-line support, five hundredth Fibonacci retracement of 106.00 and August fourteen low around a hundred and five.65 can be on their radars.
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