USD/JPY has resumed upside after a brief pause on Tuesday's trade.
Reports that the US and China are near to a trade deal favored risk-on amid markets supporting the pair higher.
Technical analysis supports upside in the pair. Breakout above 200-DMA will confirm bullishness.
Support levels - 110.98 (110-EMA), 111.12 (5-DMA), 110.86 (55-EMA)
Resistance levels - 111.47 ( 200-DMA ), 112, 112.21 (76.4% Fib)
Stay long on above 111.50, SL: 110.95, TP: 112/ 112.20/ 112.40
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