- Dollar on the rise against the JPY as markets scoop up USD on trade war concerns.
- The USD/JPY is only a few levels away from setting a new high for 2018, and reversing the year's bearish run.
- Higher timeframes have the pair consistently punching in higher lows as a bull trend extends.
USD/JPY Chart, 15-Minute
|Support 1:||111.63 (38.2% Fibo retracement level)|
|Support 2:||111.30 (61.8% Fibo retracement level)|
|Support 3:||110.76 (previous day low)|
|Resistance 1:||112.16 (previous day high)|
|Resistance 2:||112.50 (major technical level)|
|Resistance 3:||113.38 (January swing high; 2018 high)|