We spoke the other day that we could see some upside to the USDJPY after it came into key weekly support of 111.70 . Now looking to the 4hr timeframe we have a confirmed higher high after breaking out of trendline resistance. In a trending market we tend to see old resistance act as support and the market is currently testing the previous 4hr highs at 112.40. This a great area to look for further long trades on the USDJPY pair.