USDJPY. High probability of continuation of the upward movement.

At the moment, the trading instrument is likely to continue its upward movement in the short term, this is what the breaking of the past high tells us about.

The USD/JPY CoT report data reflects a notable rise in bullish sentiment in terms of a 12% increase in buyers and an 8% increase in market capitalization.
Data from CoT reports on the dollar index (USDX) reflects the growth of bullish sentiment on the US currency. For the second week, traders are cautiously increasing their net position on the growth of USD from the levels that have been minimal for the last 22 months. Large funds reduced sales by 13% in a week. Continuation of this trend may contribute to the growth of the US currency.

Based on the data of CoT reports and co-directional bullish forces (USDX), (USDJPY), there is a high probability of the growth of the trading instrument.

Based on my vision of the market, I can add the following, I expect the upward movement to continue from the range of the formed OF.

Entry into positions is carried out only when a confirming pattern is formed.
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CHOCH - Trend change.
BOS - Violation of the structure.