Weekly outlook USDJPY

A  look on the daily chart of usdjpy pair shows that the pair is still in bullish bias.

The pair finished the week above 90.06-90.44 zone,i.e the recovery from 88 is still in progress.RSI is still directed upwards and tend to make higher high which means when analyzing with the price behavior that there is a hidden bearish divergence maybe seen soon.

As the pair have overcomed 38.2% fib, it seems as if it is aiming 92.52(high 9/21/2009)-92.88 (50% fib) zone.Break of 90.06

which means the break of the lower leg of the ascending channel too will fade such bullish bias