USDJPY continues to build its uptrend comfortably above its exponential moving averages (EMAs), closing on Tuesday near a fresh seven-month high of 144.16. The next obstacle could be the 145.00-145.40 area, with the RSI and the stochastic oscillator suggesting that some congestion could emerge in this neighborhood as the price seems to be trading within overbought waters. Interestingly, the extension of the March resistance line is positioned in the same territory. Therefore, a decisive step higher is expected to boost buying confidence, likely lifting the price up to the 148.80 barrier, unless the 146.60 barricade ... (full story)