Bias: USDJPY Bias toward 2015 Highs On BoJ & Lagging correlation

FX:USDJPY   U.S. Dollar / Japanese Yen
76 0 2
* USD/JPY             attempting to establish upward channel; orbiting
121.02 200-DMA            
* 3rd resistance: 121.75 Aug. 28-31 highs
* 2nd resistance: 121.56 Oct. 26 high
* 1st resistance: 121.26 Oct. 28 high
* Spot: 121.10
* 1st support: 120.52 55-DMA
* 2nd support: 120.07 Oct. 28 low
* 3rd support: 119.62 Oct. 22 low
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