USD/JPY has a bullish momentum at the start of Friday's session

At the start of the today’s Asian session, the USD/JPY reacts positively after recovering from the fall had to support the level of 103.00.

This pair is about to touch the pivot point at the level of 103.68, but now it is facing resistance at 103.52 level. However, it would be expected to drop to the next target in the level downside 102.54 if this pair executes a bearish rebound. On the other hand, if the pair manages to consolidate in the bullish trend at the end of this week, is expected to rise to the level of 104.41, where is located the nearest resistance level.

The MACD indicator is entering oversold zone and entering neutral territory, so we have to be pending before any bullish momentum in the USD/JPY.

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