USDJPY MAY FALL TO 108.10

The pair is continuing its bullish trend as it continues its previous gains. The pair closed above all three resistances. If the pair’s bearish momentum arises, the pair could fall to 108.10 and potentially break the price level of 107.08. However, if the pair continues trending upwards, then the first resistance level of 109.69 could be broken, and the pair could extend further to 110.26.

Pivot point: 108.67

Resistance level 1: 109.69 Resistance level 2: 110.26 Resistance level 3: 111.29

Support level 1: 108.10 Support level 2: 107.08 Support level 3: 106.51