The USD/JPYuptrend could be losing steam as its building a rising wedge chart pattern. The support and resistance trend lines remain a key factor.
A bearish breakout will probably complete the wave W and start a wave X correction whereas a bullish bounce could price move higher within the bullish channel.
The USD/JPY broke above the 110 resistance trend line which is now being used as potential support. The 110 level could be a key bounce or break spot.
