USD/JPY: The pair remains on its medium term offensive as it looks to extend that gain. Resistance resides at the 103.91 level where a violation will aim the 104.50 level. Above here will resume its broader upside towards the 105.00 level.
Further out, resistance resides at the 105.50 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support resides at the 103.00 level followed the 102.15 level.
Further down, the 101.50 level and the 101.00 level come in as the next support followed by the 100.50 level. On the whole, USDJPY remains exposed to the upside medium term.
Guest post by FX Tech Strategy
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