© Dukascopy Bank
Daily maximum: 77.35
Daily minimum: 77.04
Even though USD/JPY was directionless in the morning, bullish momentum started to strengthen in the afternoon. The pair is now facing a formidable resistance area - 77.38/46. A daily close above it would pave a way to higher levels, such as 77.74 and 78.22.
Daily Resistance: 77.26; 77.46; 77.74.
Daily Support: 76.78; 76.50; 76.30.
Daily Bias: Bullish.