Technical Outlook USDJPY 07.07.2017

Technical Outlook USDJPY 07.07.2017

USDJPY

Fresh strength on Friday eventually broke above 113.50 resistance zone, signaling bullish continuation.
The pair was congested within narrow consolidation in past three days, signaling strong indecision on triple Doji candles.
Firmly bullish studies on daily chart support the price for attempts through 114.00 barrier towards targets at 114.36 (10 May peak) and 114.65 (Fibo 61.8% of 118.65/108.16 descend).
Rising 10SMA continues to track broader advance, offering strong support at 112.80.
US jobs data are eyed for further signals, with acceleration through 114.36/65 targets expected on upbeat results and return towards 112.00/111.80 supports on NFP miss scenario.

Res: 114.00; 114.36; 114.65; 115.00
Sup: 113.54; 113.10; 112.80; 112.65