The pair USD/JPY remains on an upward trend, but is struggling to break through the strong resistance zone of 114.30/50.
The uptrend remains in place on USD/JPY with a slight increase in the Dollar and an appetite for risk, which should enhance the rise.
However, the pair remains stuck below the important resistance zone and the top of the range in the medium term towards 114.30/50.
A break above therefore remains necessary to find more confidence in the bullish trend and target a move to 115.00 and 115.50, another important resistance.
The decline is materials towards 114.00, 113.50 and then 113.20.
A break below 113.20 may weaken the upward bias and lead to a deeper correction in the direction of 112.30 and then 111.60 below.
The pair USD/JPY is currently trading at 114.10 on the Forex.
Chart USD/JPY H4