The USD/JPY pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis the 29th of May. The price has closed well above the 50 day moving average and it has also taken out the 100-day moving average. This represents that the bulls have finally woken up and taken the control.
The RSI is trading inline with the price action which means bias could be towards the upside.