Weekly chart analysis

The weekly chart indicates that USD/JPY price will go up to 133 level for closing the gap formed in 2002. Also the MACD  confirms an uptrend in the next months. In our opinion, a good strategy for long term would be to buy this pair until at least 133 level.

 Daily chart analysis

The price on daily chart is still above EMA 55 and this is a confirmation for uptrend in medium term. Even if in short term can be a small retracement, in medium term this pair is still in uptrend. The uptrend is confirmed also by the positive MACD.