USD/JPY decreased a little in the Asian session after another failure to close above the 38.2% retracement level. It could come down to retest the WL3 before will climb much higher. Technically, it is expected to approach and reach the median line (ml) of the minor blue ascending pitchfork. However, a failure to reach the mentioned dynamic resistance will send the rate down very fast. Is trading near the 111.50 level, we have a major upside target somewhere at 114.28 level, will reach it only if the USDX will start an impressive rally.
