USDJPY : Daily Chart USDJPY remain below the resistance at 119.54 on the daily chart today and currently testing this resistance. A rising support trend line on the chart should prevent the pair from declining further. Also the moving averages pattern on the chart continues to signal an uptrend continuation. So the trend currently seems bullish on the chart and the pair should break above the resistance at 119.78. USDJPY : 4 Hour Chart We can clearly see on the 4 hour chart, that the pair is strongly supported by the 2 rising support trend lines and also by the 100 day SMA. So there is a pressure on the pair to break above the key resistance at 119.51. The bearish outlook will only come into picture if it declines below the 200 day SMA.