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USDJPY: With the pair bullish and extending it during Tuesday trading session, it now faces a possible hold above its key resistance turned support at 122.02 level. However, you should keep an eye on that level.

On the upside, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. A break will target the 124.00 level.

Further out, resistance comes in at the 124.50 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, support comes in at the 122.02 level where a break will target the 121.50 level. Below here if seen will aim at the 121.00 level followed by the 120.50 level. On the whole, USDJPY remains exposed to the upside in the medium term



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