USDJPY

The pair remains firm following strong rally in past two days that eventually broke above daily cloud and generated another strong bullish signal on Tuesday’s close above 112.24 (Fibo 61.8% of 114.36/108.80 descend.
Consolidation below Tuesday’s fresh nearly six-weeks high at 112.46 is so far holding above 112.00 handle, keeping intact more significant daily cloud (currently spanned between 111.82/65 and reinforced by 100SMA) which should ideally contain dips ahead of fresh push higher, as bulls eye target at 113.05 (Fibo 76.4% of 114.36/108.80).

Res: 112.24; 112.46; 113.05; 113.35
Sup: 112.00; 111.82; 111.65; 111.46