USDJPY - Ascending channel

The price seems to have formed a bullish channel, it looks like the price is currently moving in an upward direction and looks like it will keep doing so until it has at least tested this previous support level that could be seen around 111.31. After this point it is very likely that the price would become volatile and it would look more likely to break out the channel it is currently in. Follow and like if you would like more analysis like this. I would keep you updated on this pair over the coming days.