USD/JPY FULL ANALYSIS: Upside breakout. What's next?

Hi traders, the USDJPY pair broke above a major resistance, so we're looking for a pullback to the broken resistance before further strength.

CORRELATIONS: The pair followed the NI225 index nicely, but 2y yields are failing to provide support to the upside, signaling an upcoming reversal.



The USDx is falling for the sixth straight day. Another bearish day, and it's the longest bearish streak since 2008.

Please hit the "LIKE" button if you enjoyed our analysis. Thanks!