USD/JPY | Towards 161.00 or 159.30? (READ THE CAPTION)USD/JPYOANDA:USDJPYAmirAliTradingBy analyzing the Hourly chart of USDJPY we can see that After reaching the Feb 9th NWOG High, USDJPY bounced back up, going from 157.51 all the way to 159.97 and swept away the Buyside Liquidity above the 159.90 level! After that it corrected itself a bit, hitting the March 27th NDOG High, and then went back up a bit and currently it's being traded at 159.84. Now if USDJPY keeps going higher and goes above the 160.35 level and stabilizes there, we could see it reach 161.00 relatively soon! Targets: 160.00, 160.10, 160.20 and 160.30. However, if it fails to reach that level, and loses the supports below it which are the March 27th NDOG and March 16th NWOG, it could drop all the way to the 159.35 level, which is the high of March 23rd NWOG. Targets: 159.70, 159.60, 159.50, 159.40 and 159.30.