USDJPY pair is seen struggling in the strong support turned resistance at 112.00 barrier since the start of this month. The uptick tried to cross beyond the 112.00 barrier last day, but failed for a further bullish movement. The positive US release of supportive US economic data – ISM non-manufacturing PMI and new home sales figures boosted up USDJPY to test the 112.00 barrier since December 2018.

As of writing, price at 111.860, the further movement above 112.100 will lead bullish bias reaching the psychological barrier at 113.00. On the other side, a breakthrough below the consolidation channel at 111.600 neighborhood will drop the pair to the last week low. However there will be some momentum seen in today’s US ADP report on private sector employment details , although the main focus is on the Non Farm Payrolls which is suppose to be releasing on coming Friday.

USDJPY TODAY:
Daily open: 111.882
Daily Last high: 111.923
Daily Last Low: 111.724
Daily current growth: -0.03%