USD/JPY PRICE ANALYSIS: BULLS EMERGE FROM BEHIND THE HOURLY TRENDLINE

• USD/JPY bears are in control as the price corrects the daily bullish impulse. 
• The bulls are taking on the trendline resistance on the lower time frames. 

USD/JPY has scored fresh highs in the latest bullish impulse within the bull cycle. However, a correction is taking place and the following illustrates the prospects of a deeper move prior to a move back to the upside in the coming week.