USDJPY: Bullish, Targets Further Upside
USDJPY: Having followed through higher on the back of its Monday gains to resume its broader medium term uptrend, further bullishness is envisaged. On the upside, resistance resides at the 116.00 level followed by the 116.50 level where a break will target the 117.50 level. Further out, resistance comes in at the 118.50 level where a violation will aim at the 119.00 level. On the downside, support comes in at the 115.00 level where a break will target the 114.50 level. Below here if seen will aim at the 114.00 level followed by the 113.00 and then the 112.50. On the whole, USDJPY remains exposed to the upside medium term
