USDJPY Daily Outlook

The USDJPY had a bullish momentum on Friday. On h4 chart below we can see that the triangle formation has been violated to the upside suggesting further bullish continuation. We seem to have good resistance around 98.80 area. Break above that area should trigger further bullish scenario towards 99.70 area. Immediate support is seen at 97.90. Break below that area could bring us into no trading zone.

USDJPY Daily Supports and Resistances:

S1= 97.73

S2= 97.12

S3= 96.78

R1= 98.68

R2= 99.02

R3= 99.63