USDJPY probes into daily cloud again on fresh dollar’s recovery
The pair bounced above 107 handle of fresh risk-on mode and hit session high at 107.26, on renewed probe though the base of thick daily cloud (107.16).
Falling cloud marks very strong barrier which capped attempts in previous few sessions and sustained break higher is needed to generate initial bullish signal for eventual break out of week-long congestion, with confirmation on lift above recent peaks at 107.50 zone.
Bullish setup of daily techs remains supportive, but news from Syria need to be closely monitored for fresh signals.
Res: 107.50; 107.67; 107.90; 108.00
Sup: 107.16; 107.06; 106.80; 106.61