[rufffen]

USD/JPY update: There is some indication that this item might've topped out, since it bounced 120 pips off 886 fib level, however there is further upside, possible top could be 118.80 alternatively 119.40 and 120.00, now I know that doesn't give much, however there is more. 118.80 is also 786 fib from 121.40 and 109.20.

Today price action broke the upper limit of the Monthly Resistace Area1, which means we could be bound for Resistace Area2, which is 119.69-121.86, so definately more room on the upside.


If this one item doesn't reverse at current levels, the uptrend on GBP/JPY and EUR/JPY might resume until a final reversal.