USDJPY Long to 116.00 ? Potential sell trap ?
It looks like we may be looking at a potential continuation of the bullish run on this pair as it looks as though the price dip around 113.00 just so happened to be a sell trap. However another break below 113.50 will be confirmation of further bearish movement. For early entries now would be a good opportunity to jump in (114.05) however a break above the resistance area of 114.40 will be confirmation of further bullish movement.