USDJPY refreshes 20-year highs

166
Technical Analysis:

Momentum is bullish, Stochs and RSI are sharply higher
Volatility is high and rising, major moving averages are biased higher
ADX and MACD support upside, Chikou span is biased higher
GMMA indicator shows major and minor trend are strongly bullish

Major Support and Resistance Levels:

Support - 128.54 (5-DMA), Resistance - 131

USD/JPY likely to extend bullish streak. Scope for test of 2002 high at 135.16.

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