USD/JPY finally broke above the resistance line of the channel and the major moving averages (100 and 200 periods). I hope Goldman Sachs used larger stops when they issued buy recommendation a few days ago and still are long. It was funny how the currency of one of the economies in worst shape for years was so expensive, but now we are on thr right path. Next resistance levels are 97.90and 98.90. Support is at 97.00, 96.30 and 95.90. Before new rally we can see a test of the broken resistance line (now support) at 96.30.
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