USDJPY kept rising in the short term and intraday levels, with the overall dominance of the upward short-term trend, while trading within an ascending price channel, with ongoing positive support from the SMA for the last 50 hours period, while noting relative power indicators have reached extremely oversold levels compared to the pair's upward movements, indicating more gains to come for the pair.

Therefore we expect the pair to keep up its momentum, targeting the pivotal resistance of 114.15.

Trend Bullish