USD/JPY Technical Analysis: Immediate ascending triangle confines the pair moves between 110.95 and 110.50

• The Japanese Yen (JPY) trade near 110.80 against the USD during early Thursday.
• The pair moves have been challenged by the short-term ascending triangle present between 110.95 resistance and 110.50 support.
• Should the pair rallies beyond 110.95 resistance-line connecting present week high to the late February 14 lows, 111.15 and 111.45-50 could quickly appear on the chart.
• In a case prices rally beyond 111.50, 112.10 and 112.60 might please the buyers ahead of challenging them with 113.10 and 113.70 resistances.
• On the contrary, a downside break of 110.50 highlights the importance of 110.00 whereas 109.50 could entertain sellers then after.
• However, an upward sloping support-line joining January 10 and 31 low, at 109.10, may limit the pair’s declines past-109.50.
• Given the bears’ rule trade sentiment under 109.10, 108.50 and 107.70 could flash on their radar to target.

USD/JPY 4-Hour chart