USD / JPY: Dollar Yen remains bullish and tests trend line :

USD / JPY remains broadly bullish but is currently testing a trend line as resistance.

Indeed, after breaking the trend line that comes from the low of 110.83 as support, the Dollar Yen goes back now to test this line as resistance in the 113.20 area.

This oblique is reinforced by a static resistance threshold at 113.20 as well, and a break here could boost more significantly the rise in the short term.

Above we will have the zone of 113.50, before 114.00. We could then test the important medium-term resistance again at 114.30 / 114.50.

On the downside, a return below 113.00 / 112.85 and a short-term trend line could boost the bearish correction and put in sight the thresholds of 112.50, 112.30 and 112.00 at first.

USD / JPY is currently trading at 113.15 on Forex.