USD/JPY PRICE ANALYSIS: BULLS KEEP 108.00/10 ON RADARS AMID UPBEAT TRADE SENTIMENT

top near 108.60,

During the quote’s further rise past-108.60, the previous month’s peak near 109.40 will lure the buyers.

Meanwhile, a downside break below the said support line, at 107.53 now, could recall 107.00 rest-point on the chart.

However, 23.6% Fibonacci retracement and April 29 low, respectively near 106.80 and 106.35, could please the bears during additional weakness past-107.00.

USD/JPY FOUR-HOUR CHART

Trend: Further recovery expected.



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