In this video, the Trading Central looks at the currency pair USD/JPY for the June 2nd session.
USD/JPY — Looking at the intraday 30-min chart, the USD/JPY pair continues on with its rally above the key 111.00 level. In fact it has validated a bullish triangle pattern. Currently, the pair remains to the upside while trading near the upper Bollinger Band calling for further upward acceleration. The rising 30-period Moving Average is providing extra support for the pair. Now on upside, if the pair succeeds in breaking above the resistance at 111.70, then it could rise further up towards 111.95. Key support is located at 111.15.