USD/JPY: REVERSAL OF TREND UNDER CONDITIONS.

LONG TERM: The pair has for the last 5 years stayed in a bear trend,approaching long term support levels.As soon as it stays above the 101.00 level we are assuming the beginning of the creation of a reversed head and soulders formation,something that will be proved after the approach and the upwards break of the 125.00 area.
SHORT TERM: As correctly described in our previous analysis:”We can enter short (104.40) aiming 103.800.Stop loss at 104.60″.Target accomplished,profits of 60 pips received.We can now go long (104.60) aiming 105.50.Stop loss at 103.90.