- USD/JPY is currently trading around 109.06 marks.
- It made intraday high at 109.21 and low at 108.74 levels.
- Intraday bias remains bullish till the time pair holds key support at 108.68 marks.
- A daily close below key support 108.68 will take the parity down towards 108.18, 107.43 and 105.72 levels.
- On the other side, a sustained break above 109.68 will take the parity towards 112.60 levels.
- On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks respectively.
The material has been provided by InstaForex Company – www.instaforex.com