Bullish USDJPY

USDJPY confirmed the support at 108.50 and bounced nicely from it after making a daily low at 108.35; from now on we can expect a continuation of the bullish move towards the 110 area and once above that we can look at the top line of the channel around the 112.00 area. The pair already punched through the 110.00 level last week so the resistance should not be so tough.. USDJPY confirmed the support at 108.50 and bounced nicely from it after making a daily low at 108.35; from now on we can expect a continuation of the bullish move towards the 110 area and once above that we can look at the top line of the channel around the 112.00 area. The pair already punched through the 110.00 level last week so the resistance should not be so tough..

[NP][/NP]