USD/JPY Is Bullish?

USDJPY

As you all can see on this hourly chart, USD/JPY recently jumped upwards after touching the 20 MA, showing bullish momentum!

The DI+ has also crossed over the 20 line, showing even more bullish momentum.

Lastly, the Awesome Oscillator shows bullish momentum, and a confirmation of this bullish behavior will likely be confirmed after the break of the 0 line.

A downside to this analysis is that, off the chart, the Ichimoku Cloud shows future bearish momentum, which could disprove this theory.

Comment:

I forgot to mention, the DI+ also rested the 20 level and used it as support, and bounced upwards off of it! Another big sign of bullish momentum!

As I have seen that the USD/JPY is looking pretty bearish on some other time frames, the hourly time frame could definitely be used as an indication of relevant bullish momentum!