USDJPY

The pair came under increased pressure and returned to mid-110 zone in early Tuesday’s trading after strong upside rejection on Monday and failure to close above daily Tenkan-sen line.
Monday’s bearish candle with long upper shadow weighs on near-term action, as negative sentiment on renewed safe-haven demand is building.
Weekly cloud top at 111.36 that marks another strong barrier, continues to cap, as failure to close above it in past two weeks, intensifies downside risk.
Fresh weakness is focusing again key supports at 110.00 zone, where temporary base has formed, with sustained break lower to generate strong bearish signal for continuation of larger downtrend from 115.49 (10 Mar high).
Conversely, extended sideways trading could be anticipated if 110.00 supports resist fresh attacks.

Res: 110.91; 111.14; 111.36; 111.56
Sup: 110.44; 110.10; 109.90; 109.30