The USD/JPY pair resumed its growth as expected after passing above the near-term upside obstacles. You knew from my previous analysis that the price could climb towards new highs if it jumps and stabilize above the 135.58 and above the up channel's upside line.
Now, it is trading at 136.23 at the time of writing. The 136.68 former high is seen as a potential upside target, as an obstacle. Still, after its strong growth, we cannot exclude a minor drop or a sideways movement. The rate could try to attract more buyers before approaching and reaching 136.68.
USD/JPY Outlook!Jumping and stabilizing above the 136.68 upside obstacle may signal an upside continuation and could bring new buying opportunities.