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  • The Dollar’Yen pairing is seeing limited bullish moves after recovering from a bottom at 110.75, and Dollar bulls are looking for a push higher.
  • Current intraday action is being constrained by a lateral wedge on Hourly candles, traders will be looking for a straddle to break to either side.

USD/JPY Chart, 15-Minute

Spot rate:   111.25
Relative change:   0.10%
High:   111.31
Low:   111.12
Trend:   Flat to bullish
Support 1:   110.95 (previous day low)
Support 2:   110.74 ( previous week low)
Support 3:   110.27 (July  4th swing low)
Resistance 1:   111.53 (current week high)
Resistance 2:   112.24 (61.8% Fibo retracement level)
Resistance 3:   113.16 (previous week high)