• USD/JPY pair declined on Tuesday as chances of Britain voting next week to leave the European Union grew, resulting in increased demand for safe-haven Japanese yen.
   
• The pair recovered some lost ground in the early US session after data showed stronger than expected U.S. retail sales report for May.
   
• The currency pair is trading around 106.00 levels, it is expected to reach 105.50 levels and 105.00 levels in the short term.
   
• To the upside, the strong resistance can be seen at 107.67, a break above this level would take the pair towards next resistance level at 108.00.
   
• To the downside immediate support can be seen at 106.00, a break below this level will open the gates towards next level at 105.53.
  
  Resistance Levels
  
  R1: 106.82 (50% Retracement level)
  
  R2: 107.67 (61.8% Retracement level)
  
  R3: 108.00 (Psychological levels)
  
  Support Levels
  
  S1: 106.00 (38.2 % Retracement level)
  
  S2: 105.53 (Daily lows)
  
  S3: 104.95 (23.6 % Retracement level)