USDJPY has now broken the 144.000 barrier, and the momentum does not look like it is slowing down. Our long-term bullish outlook on this pair has worked just as we anticipated, and we look forward to heading towards our new calculated vector level at 145.902.
Since the break above the triangle last month (shown on the chart), the bullish momentum has been very aggressive. The price action on the chart indicates bullish aggression, as there is a lack of bearish resistance every time a resistance level is approached. The market is rapidly pushing towards the 145.902 vector level, and if that breaks, the Apex level is at 151.946. This is a big level because, apart from the recent October 2022 bull rally, the market has only been at this level a handful of times in more than 30 years.
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