Technical analytics

USDJPY

The upward trajectory remained intact on Thursday. Despite the overall positive sentiment the USD/JPY pair was in a sell mode on Thursday. The US dollar bounced from the upper limit of the ascending channel and edged lower after that. The resistance lies at 113.00, the support comes in at 112.00.

A renewed selling momentum could help sellers to regain the 112.50 mark in the near-term.