USDJPY is facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pullback from 113.17 could be treated as consolidation for the uptrend and another rise towards 115.50 is still possible.
USDJPY is facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pullback from 113.17 could be treated as consolidation for the uptrend and another rise towards 115.50 is still possible after the consolidation.
On the downside, a clear break below the trend line support would indicate that the upside movement is complete, then the pair would next find support level at around 109.00, below here would aim 105.00 area.
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