The pair USD / JPY continues to push upward on the Forex but will it be back to its heights?
Indeed, after finding support in the area of 112.00, USD / JPY is on the rise.
We now arrive on a new zone of resistance towards 113.50 / 113.70, whose break could open the way towards 114.00.
Higher up we will then have the strong medium term resistance around 114.30 / 114.50 which could still cause problems to the bulls.
On the downside, a return below 113.20 could weaken the pair and cause a decline towards 113.00 / 112.85, 112.50 / 112.30 and 112.00.
USD / JPY is currently trading at 113.47 on Forex.