USD/JPY slightly bullish during the first hours of Asian session

The USD/JPY has consolidated in bullish trend and ever closer to psychological level at 105.00 level.

During yesterday’s session, the pair made ​​a bullish rebound above the support level of 103.95, having gained bullish momentum in European trading. However, USD/JPY remains above the daily pivot point (104.35) and the next target is located in the resistance at the 104.75 level. Moreover, the objectives of this pair bearish are fixed in the support at the level of 104.13 and 103.76. USD/JPY stays above the 200 SMA.

The MACD indicator is in positive territory, supporting the bearish trend for today’s session.

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