UsdJpy- flirting with resistance

2020-01-13 12:46:26

After the false break of 108.50 support, UsdJpy has reversed aggressively gaining almost 200 pips in just 2 trading days.
The pair is trading in resistance level now @ 109.63.
A daily close above this level would expose 111.00 resistance and 112.00 furthermore.
A dive under 108.40 would negate this scenario