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USDJPY: Bullish Breakout Suggests Further Upside Momentum

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
natron Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines Candlestick Analysis USDJPY supportandresistancezones Trend Line Break
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supportandresistance trendline candlestick usdjpy supportandresistancezones trendlinebreak
The USDJPY has broken outside of a long-term trendline, as well as a strong resistance zone around 130.500, and momentum has continued with a recent break of the 133.000 handle. As a result, I believe there is further potential for upside momentum to around 134.500.
Comment:
If you missed the trade and are looking for another chance to enter, or if you want to re-enter the trade, it may be worth keeping an eye on this area.
snapshot
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