USDJPY A Bullish Breakout To Finish Our Move Across the Channel

Talk about one heck of a false breakout. After pretending to break out of our sideways channel to the downside in early September, the USDJPY has made its way almost all the way back across and now i anticipate that we'll see a test of the 114-114.50's highs which we've tested twice before recently.

Currently the pair is putting in an ascending triangle type of pattern which is a sign of a potential bullish breakout. We do have a price point that I'm concerned about a little bit higher around 113.50's but overall I wouldn't be surprised to see this pair finish it's move across the channel

Akil