USDJPY has been under pressure the last few days after extending up until the highs of 113.70’s. At this stage few pips above the first supporting level, demand zone can be seen at the 110.80’s -/+15 pips area from where we should start see some buyers entering the arena. Below the USDJPY Chart at the Daily time frame..

USDJPY Daily

In the Weekly time frame, support via the rising trendline connecting the lows of 99.’s all the way up to 101’s, the low at 107’s and now at 110.20’s..

USDJPY Weekly

Happy Trading :)