USDJPY – Could it be more bullish than we thought?
USDJPY: Rallied through the 55 week moving average at 100.53 though has spent most of this session consolidating which may continue on the short term. Overall the pair does appear to be breaking higher and continue to expect further gains towards 102.17 and then the channel top on the weekly chart comes in at 103.40. Beyond that the reverse head and shoulders targets 104+