While the price is above the long-term trendline on a daily basis, a week-end above the trendline could do much to provide additional conviction over the three-year period. In a full breakthrough, USD / JPY should move towards the middle 114.00 / 115.00 JPY range. The preferred approach is to pay attention to dip opportunities
A return inside and below the bottom of the wedge and the trendline from the March low will negate the bullish outburst and potentially bring a strong downward move in the face of the false outbreak. Given the current strength, a low probability.