USDJPY 2017-12-21 Intra-day analysis

USDJPY intra-day analysis

USDJPY (113.39): The USDJPY managed to push higher, marking a two-day gain. Price action is seen attempting to test the previous highs near 113.7. Following the breakout above the resistance level at 113.06 – 112.90, any short-term declines could see price falling back to establish support at this level. To the upside, USDJPY will need to breakout above the previous highs to post further gains. 114.00 remains the next target to the upside, while the downside could be limited to 113.00 region.