After reaching the 113.50 mark the USD/JPY began a decline , which by the middle of Monday's trading had passed all close by support levels.
The short version of everything below is - if the pair breaks the resistance at 113.60-113.70, it is highly likely going to surge up to the 114.40 mark.
USD/JPY has resumed its surge and reached above the 113.40 level.
The surge of the USD/JPY reached the 113.40 level before retracing dowanrds back to the levels near the 113.00 mark.
By the middle of Tuesday's trading session the rate had pierced trough a strong resistance cluster near the 112.70 mark.
The USD/JPY has pierced the support line of a dominant ascending pattern, signalling that the USD/JPY is set to decline in the near future.
By the middle of Thursday's trading session, the USD/JPY continued to trade near the lower trend line of a dominant large scale ascending pattern.
The drop of the USD/JPY was stopped by the lower trend line of the most dominant, largest ascending channel pattern's support line.
The USD/JPY was plummeting on Tuesday, breaking technical charts.
On Monday, the USD/JPY surged up and broke last resistance levels on the daily chart before the 114.00 mark.
The most notable fact noticeable on the USD/JPY charts is that the technical trend lines are holding.
After touching the 114.00 level the USD/JPY currency exchange rate began a retreat downwards.
The surge of the USD/JPY continues, as it gains more and more.
The rate has managed to pass the 113.40 region, where previously it was stopped by a weekly pivot point.
The recovery of the USD/JPY currency exchange rate has been stopped by the first resistance of the weekly pivot points at the 113.36 level.
USD/JPY remains in the previous day's trading range after a failed attempt to pass resistance a level at 113.24.
USD/JPY remains in the previous day's trading range after a failed attempt to pass resistance a level at 113.24.
The rate has continued a surge that began after the currency exchange rate met with the lower trend line of a dominant ascending pattern.
On Friday, Dukascopy analysts spotted a descending pattern on the hourly chart of the USD/JPY currency exchange rate.
On Thursday the USD/JPY traded near the 113.40 mark, where it had retreated after passing the support levels near 113.60 on Wednesday.
By trading horizontally the USD/JPY has broken the support of a junior ascending pattern that was drawn on the hourly chart.
On Tuesday, the USD/JPY traded near the previous day's levels after touching a new low level at 113.60 mark.
After reaching a new high level at 114.20 the USD/JPY has retreated downwards to look for technical support levels.
The USD/JPY has paused the surge. Namely, it retraced back downwards to meet with a support level.