FXstreet.com (Barcelona) - USD/JPY continues trading in an upward trending line. The pair has successfully broken resistance at 94.64 (Jan 9 high) as the Yen seems to have lost attraction as safe haven in favour of the Dollar. The pair has risen to a maximum of 95.35 in Asian session.
According to Mataf.net Technical Analysis Team, the pair is going through bullish momentum climbing towards resistance at 99.0: USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 99,00 resistance (377 pips).