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FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains

Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45

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USD/JPY set for further gains

Tuesday, February 24, 2015 8:25 AM UTC

Pair continues trading above the Ichimoku cloud indicative of upside potential
Daily close above tenkan line required at 119.29
Tenkan & kijun lines stay positively aligned, also a bullish sign
Solid support noted at 118.10/11 - 61.8% of 116.64-120.48/Feb 16 low
Temporary support at 118.75 - Mon's low
Traders have raised bid to 118.80

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USD/JPY set for further gains

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