At the Sunday open the USDJPY is at Triple Bottom Support at 110.982.
Below is the Daily Fibonacci Study that helped form this Triple Bottom Support at the +61.8 Fibonacci Extension Level….
There is also historical weekly support from a previous high (seen below) within range of 110.982
If your a bull, a conservative profit target is the Daily 5 EMA at 111.993 which is plotted here on a 15 Min chart to give perspective of range from price…
Psychological levels tend to be important support and resistance on the USDJPY; the psychological and mid-point psychological levels for the USDJPY are in purple below for your review…
If this Triple Bottom Support breaks, we could see bearish continuation in the overall USDJPY trend.
Remember that when significant support breaks, price tends to pullback and test it as resistance before picking up bearish momentum.
US DOLLAR ANALYST, FOREX.TODAY