USDJPY currency pair is heading toward the powerful resistance zone lying between the major resistance level 111.71 (previous monthly high from March of 2020) and the upper daily Bollinger Band (its strength is rated by Pivot Watcher at 470.57 RealStrength Points). Selected Alpha ranks the total strength of this resistance area at a massive 787.12 RealStrength Points – making it the second strongest resistance area currently approached by the major currency pairs. The firs strongest support area is located near the support level 1.4659 for EURCAD currency pair. Beyond the resistance level 111.71 there is a dense resistance zone made of multi-year resistance levels 112.22 and 112.40. As you can see – Selected Alpha varies line thickness based on the strength of the support/resistance levels.