The USDJPY looks like it's back to up-trending mode, at least for the short term. After the price managed to maintain a wave with higher highs and higher lows. To settle back above the main 200-days Barrier. Meantime, the price has been consolidating in a pattern above 122.10-20 support.
Holding above that level keeps the upside favored. with main targets at the next potential resistance levels at 125.00 and 125.80. If we break back below the 200-days currently around 121.50 the scenario may be threatened and we should re-consider it. I will update this analysis in that case. For now, I look for the short term to continue.
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