USD/JPY From Resistance to Support - What's NextU.S. Dollar / Japanese YenFOREXCOM:USDJPYFOREXcomUSD/JPY pushed a strong breakout from the falling wedge formation, eventually running up to the resistance looked at in my last post on the pair. That resistance came into play shortly after and since then, prices have been pulling back. It's easy to jump on weak-USD themes at the moment given the reaction to the FOMC meeting, but while EUR/USD is breaking out and GBP/USD is pushing fresh highs, USD/JPY is still within the confines of bullish structure and the pair could be one of the more attractive ways to fade the move for those that are looking to take on some USD-strength setups. At this point the key is whether buyers can sustain a higher-low above the 154.33 level that had held the lows last Friday. Ideally - the 155.00 level would hold as a higher-low, thereby allowing for bullish trend scenarios from the daily chart. But, there's another way traders can work with this Yen-weakness and EUR/JPY is very near the ATH that was set yesterday and GBP/JPY has an attractive higher-low spot of support setting up. - js