USDJPY – Trading in a upward channel

The USDJPY pair is trading above its 50 day (shown in green) and 100 day (shown in yellow) moving averages on a 30 minute time frame. The price action is also trading within the bullish channel which suggests that as long as the price does not break this channel to the downside, the USDJPY pair may keep on moving up. However, the RSI is suggesting that the bias could be to the downside because there is a deflection between the price and the RSI.