The USD/JPY is showing a strong bounce off the Wizz 0 / W L3 camarilla pivot. Upside continuation is expected as long as 107.00 holds the price above.
107.20 zone is the bouncing spot for the pair. We can also see a possible confirmation of a long trade at 107.68. Continuation should happen towards 107.80, 108.12 and 108.52. Higher TF momentum and trend are a bit bullish. It seems that the fresh leg of uptrend has been forming so I would be very surprised to see the USD/JPY dropping except if some out of the blue news happen and tank the price down.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX