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  • The Dollar-Yen pair has been trapped near the 111.00 major handle recently, unable to develop momentum in either direction for the past two weeks.
  • Bears’ failure to break the 110.00 technical barrier could see bulls make a continuation higher.
  •  The Greenback could be heading for further gains heading into 2018 as a perceived Dollar shortage pushes the USD upwards and trade tensions remain close at hand.

USD/JPY Chart, 1-Hour

Spot rate: 110.86
Relative change: Negligible
High: 111.04
Low: 110.78
   
Trend: Sideways
   
Support 1: 110.42 (previous day low)
Support 2: 110.10 (current week low)
Support 3: 110.00 (major technical level)
   
Resistance 1: 111.11 (previous day high)
Resistance 2: 111.42 (current week high)
Resistance 3:   112.14 (four week top)