There are no notable updates to the hourly chart of the USD/JPY. Namely, the currency exchange rate continues higher in the narrow ranged junior ascending pattern.
The patterns lower trend line is still being supported by the 55-hour simple moving average, which on Tuesday was located at the 110.80 mark. It was still surging higher and was still set to support the lower trend line of the pattern.
The rate was set to target next the weekly R1, which was located near the 111.30 mark. Afterwards, the monthly R1 near 111.50 would be aimed at.
