USD/JPY" title="USD/JPY" height="322" width="451">
USD/JPY beat resistance at 104.62/66 and overnight we have also pushed through 104.85/90. We should now continue higher to resistance at 105.10/15. If this does not hold a move higher look for a retest of 105.40/45 highs for a selling opportunity and a good chance of a bearish double top pattern. Exit longs and try shorts with stops above 105.60.
Immediate support is 104.85/80 but below here could retest 104.66/63. If we continue lower look for 10450/45 then very strong support at 104.23/18.
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