USDJPY 1/14/2024

Momentum is high to the upside as we have currently broken structure into an uptrend. USDJPY structure is currently best seen on H4. We have created a H.H and a new HL. What's expected after a H.L? A higher high. Hence, I am expecting upwards movement into the 147.400 area. MA is also pointing upwards which indicates that overall pressure is currently bullish. We also are 38.2 on fibs, which indicates an aggressive push up. Now let's sit back and watch how this market reacts.