USD/JPY
In the weekly chart, the pair has been making a descending triangle height of 468 pips. It has been taking the support at 100.75 levels from last four months. The level between 101.20-100.75 is a strong support zone able to push the pair towards the north. On the upper side, the pair has resistance between 102.80-103 levels. We expect a huge upside breakout only above 103 levels for 104, 105.50 and 107.60 levels.
It has been trading in a minor ascending triangle. For an intraday view, traders can start selling only below 101.60. Currently in Asia's session, the pair is trading at 101.85 levels. Above 101.90, the pair can gain some strength and pull back above 102 for 102.22, 102.34 and 102.65 levels.
Buy above 102.
