The USDJPY is trading in a strong uptrend. The chart shows how the price tried to break this price channel with a bearish break, now a false break. Price is trading above the support of the price channel again.
The price is approaching the retest of the resistance at 135.5, the breakdown of which suggests further growth of the price to the 137.45 mark. The currency pair has a potential of 1200 pips - up to the strong level formed in June 1998.
I assume that the growth of the price can continue, there are several targets on the chart. The short-term target is resistance at 137.45. Medium-term target is resistance of 139.37.
price has confirmed a bullish momentum breaking the previous high! it looks like it moving towards the first resistance at 136.656 where the 127.2% fibonacci extension and previous swing high sits. If bullish momentum continues, price should hit the 137.492 levels where the 78.6% fibonacci retracement is- check us out
AtlasTrades
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Nice chart mate, I think it's correct idea as always for USD/JPY
YMGroup
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Great work for jpy! I think you are right
yonsfx
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Love it linda
JoeChampion
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I agree on USD strength!
KlejdiCuni
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The resistance is broken and it will have a bit of a boost.