USDJPY

The USDJPY pullback from strong resistance 112.14 to support trend line and support line 107.90 last week. With the USDJPY now below the support trend line and support line eyes are on 106.70. In my view, if price consolidate below 106.70, pair currency could descend to 105 area or 104.55 level. a push higher this week into the area between 109.00 and 109.50 would likely attract sellers.