USDJPY Bounced back from Support Zone | June 1, 2017

Usdjpy has a volatile session yesterday near to support zone. 110.30-50 is critical support zone for this pair.  It failed to break the support level and pulled back from the zone. This zone will act as important zone as it provides the significant amount of buy pressure. Buyers can take control from this zone if bullish momentum stays like this. 

On the other hand, if any bearish sign is shown on the chart, then we can look for sell again for targeting 110.00 support level. This pair is below 200 and 100 ema on h4. So main trend is still down. Sellers can look for the best setup for sell with candle confirmation.

111.45 is near term resistance level for this pair. If this level can be broken, then it may go towards 112.00 resistance area.