USD/JPY 1H Chart: Channel Up

Pairs appreciation is not much of a surprise. However, lack of patterns, which highlighted bullish trend was rather unexpected. Currently pair is trading along the pattern's support. However, as indicated by the short term technicals, pair should pick up the pace and rush towards the pattern's resistance soon.  In the medium term we might see some short term sell offs which would go in line with the rebound from the pattern's resistance very well. Long term technicals suggest that the pair will maintains its bullish trend.