USD/JPY faces strong resistance levels at 102.67 and 102.85

The USD/JPY is finding strong resistance at 102.67 level, but the chances of this pair consolidates above that level are still high.

During the U.S. session yesterday, the pair had a very bullish day in this pair managed to consolidate above support at 102.21 level. For now, this pair remains above the pivot point at the level of 102.55. If the USD/JPY does make a breakout in the resistance level of 103.03, the next target would be the level of 103.37. Moreover, if this pair able to consolidate below the level of 102.55, the next target would be the level of 102.21.

The MACD indicator is in extreme overbought zone and entering neutral territory.

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