The USDJPY market remains short term bullish, but a close over 106.55 is needed to continue advances. If trade struggles to extend over 106.55, be prepared for minor setbacks. Any corrective trade should fight to hold inside last Friday’s range to maintain the upside momentum forces of the drive.

R2         106.46
R1         106.18

 
S1         105.72
S2         105.44