FX:USDJPY   U.S. Dollar/Japanese Yen
361 0 2
This pair is pushing higher like a madman and shows no signs of weakness what so ever. But it does not change the fact that we are against the channel resistance.
The whole rally looks a bit stretched but today is not the day to short this beast.
A break-out higher is very much in cards but choosing a target is not easy as we are inside a huge consolidation area on monthly TF. Hence any former support area could turn out to be THE new resistance, which is strong enough to end this rally.

Time will tell.
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