USDJPY currency pair just broke above the resistance level 135.500 (which stopped the previous sharp upward impulse wave 1 at the start of June). The breakout of the resistance level 135.500 accelerated the active minor impulse wave 3 of the higher-order impulse wave (5) from the end of May.
Given the strong daily uptrend and the continuation of the bearish yen sentiment, USDJPY currency pair can be expected to rise further toward the next resistance level 138.000 (target for the completion of the active impulse wave 3).
