Above 107.05, we expect that USDJPY becomes bullish to reach 110.00 area. The why is because the downtrend line seems having been broken last week. If confirmation in the next hours then 110.00 could be a reasonable target.
LOOKING AT TE UPWARDS SLOPING TREND LINE ON EXTREME SWING LOWS COULD IT BE ARGUED WE ARE NOW TESTING THE UNDERSIDE OF THAT TRENDLINE WITH PRICE TO HEAD LOWER. The high tests now at 107.00 level are the test of that underside?