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  • The Dollar is recovering against the safe haven Yen after bottoming out this week.
  • Friday’s high is providing immediate resistance for the bull run, another rejection could see bearish action start again.
  • Hourly indicators are leaned into overbought territory.

USD/JPY Chart, 15-Minute

Spot rate:   110.06
Relative change:   0.04%
High:   110.11
Low:   109.98
   
Trend:   Bullish
   
Support 1:   109.89 (38.2% Fibo level)
Support 2:   109.69 (61.8% Fibo level)
Support 3:   109.37 (one week low)
   
Resistance 1:   110.21 (one week high)
Resistance 2:   110.75 (previous week high)
Resistance 3:   111.23 (May 21st swing high)