FXstreet.com (Barcelona) - The Dollar has remained above 94.35 on its corrective move from 94.95, the pair is back on the upward trending channel off 89.82 (Feb 12 low) and further rally seems likely:
According to the Mataf.net Technical Team, USD/JPY will go on with its upward trend: USD/JPY is in an uptrend supported by 1H exponential moving averages. USD/JPY made a false break and continues the actual trend.. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration.
Further resistance lines, according to the Mataf Technical team remain at 95.50, and above there 100.00.