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novvoll12

USDJPY 124.87: A higher base at 123.00 underpins further upside

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
novvoll12  
FX:USDJPY   U.S. Dollar / Japanese Yen
USD (US Dollar)
0
0
usd-us-dollar
USDJPY broke through the 124.47/124.57 range resistance to confirm a higher base at 123.00 and prompt further gains towards the 125.85 peak (June 5, 2015). Above there would open 126.35 (March 4, 2002 low). 124.47/124.57 would provide immediate support. Below rests the support at 124.01.

Outlook:
Short term: bullish
Long term: bullish

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