USD/JPY Technical Analysis: Fresh 2-month tops and counting

•  The pair has been trending higher alongside an upward sloping trend-line over the past three weeks or so and shown remarkable resilience near 100-hour SMA.

•  Technical indicators on the 1-hourly chart have started gaining positive momentum and thus, support prospects for an extension of the upward trajectory.

•  Overnight sharp retracement in the US equity markets also did little to trigger any meaning retracement and reinforce the near-term positive outlook. 
 

USD/JPY 1-hourly chart

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