FXstreet.com (Barcelona) - The USD/JPY is testing the 98.00 level after rebounding from 97.65 and rises to 98.10. Currently, the pair is trading around 97.95/98.05.
According to Valeria Bednarik, FXstreet.com Collaborator, USD/JPY is ready to break up: Still bullish, the pair is forming a continuation figure, a triangle in the hourly and ready to break up. 20 SMA and 200 EMA keep the good tone after the bullish cross, while volume remains steady. Indicators are flat. Break above the 98.60 needs to be seen for further momentum in the pair.
Valeria provide us with her levels: Support levels: 98.00 97.65 97.20. Resistance levels: 98.55 98.82 99.12.