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USDJPY Higher After False-Break Of Key Support

The USDJPY has been pushing higher since it created a false-break of the key support down near 96.70 on Tuesday of this week. The uptrend is clearly in control in this market still and a move up to 100.00 yen would not be surprising to see soon. Traders not already long from the 1 hour or 4 hour pin bar signals that formed earlier this week during the false-break of 96.70, can continue watching for price action buy signals if this market rotates back to support soon. However, given the recent and current strength in this market we might just see it continue higher from current levels.

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