Red lines- bullish channel
USDJPY is trading around 143.50. Price continues to trade inside the upward sloping channel. The trend since the beginning of August remains bullish when price made an upward reversal from the 130.44 lows. Support is found at 142.50 where we find the lower channel boundary. Price has made so far a double top around 145 and the pull backs so far produce higher lows. There is no bearish divergence in the 4 hour chart yet. The most probable scenario is for price to continue to new higher highs.
