USDJPY – Daily Forex Technicals by ForexHound.com June 5th

USDJPY on the daily chart has broke above an important resistance zone at 105.50/60 and this could turn into strong support  for the next period. This break opens up the 108 level as a major bullish target, and next significant resistance level. USDJPY on the daily chart has broke above an important resistance zone at 105.50/60 and this could turn into strong support  for the next period. This break opens up the 108 level as a major bullish target, and next significant resistance level. Up until tomorrows NFP announcement  we should keep a close eye on this pair, if the week closes above around 106 it’ll be a major bullish signal for the week to come.

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