Technical analysis:
USD/JPY has been trading upside as I expected but there is still potential for further bull continuation.
Trading recommendation:
Due to the breakout of the mini downside channel (bull flag pattern), I see potential for the further rise.
Watch for potential buying opportunities on the intraday dips with the upside objectives at 137.00 and 137.70.
MACD oscillator is showing new impulsive movement to the upside, which is good confirmation for the rally.
Key support is set at the price of 135.80
