USD/JPY
The pair continues to trend higher, off the 96.80 low, with a break above the psychological 99.00 barrier and 99.14, 23/08 high, heading towards the psychological 100 barrier. A sustained break above the bear-channel brings near-term bulls fully in to play, with daily indicators breaking above the midlines and supporting the notion. While a break and close above the 100 barrier is required for the completion of weekly bullish pennant, and open next targets at 100.85 and 101.52.
Resistance: 99.69; 100.00; 100.44; 100.85
Support: 99.14; 99.00; 98.50; 98.27