fxstrategist
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The USDJPY is consolidating around the 114.00 zone, but it may try to go higher and visit the peak at the 114.49 level. The 113.00 level is still a very good support for the pair.
The pair is trading in a tight range, outlook remains neutral, immediate resistance can be found around 114.70/80, follow by key level at 115.00.
Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;