USD/JPY
A bullish signal has already been generated on the USD/JPY pair, owing to an ongoing, perpetual bullish correction, which has succeeded in invalidating the recent bearishness in the market. Price is above the demand level at 109.50 and it may reach the supply levels at 110.00 and 110.50 soon.
The bias on the market has eventually turned bullish, as the EMA 11 crosses the EMA 56 to the upside. The RSI period 14 is above the level 50. It is possible that price may gain another 100 pips (at least) within the next 48 hours.
