USD/JPY
This trading instrument has become bullish, at least, in the medium-term. The price is currently hovering around the market level at 106.50, almost breaching it to the upside. The next supply level at 107.00 will be the next target because the following rise in volatility is expected to favor bulls in the short-term.
The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, the price is expected to go further upwards, reaching other supply levels at 107.00 and 107.50.
