Marked bullishness on USD/JPY, a daily chart of which is shown, has broken cleanly above the previously noted 94.50 resistance region, and has gone on to take out further resistance levels well above. This includes a key downtrend resistance line extending from the August 2008 highs. Tentative confirmation of a bullish double-bottom reversal is currently in the making, as price has exceeded the peak between the two extreme lows around 87.00. With any further bullish momentum that takes out the 98.00 level, price could target further resistance in the major 100.00 price region.
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