Currently, the usdjpy is very bullish. The price is sitting on the 50 and 40 exponential moving averages. The bullish pin bar that has formed very close to these two moving averages, with its wick cutting through the 30-period moving average, gives us a clear clue about the direction the price is heading next. So, we can make a buy decision and expect something around 30-50pips toward the high. Target Take profit level: 144. 40