Still quite bullish

Clearly bullish, yens are very, very weak across the board and dollar is recovering nicely.

One thing I see, the slope of this channel is very steep. Could be an unhealthy trend.

But it is so far above the 200 SMA that at this point even a retrace to that average could be a very big trade.

I highlighted one zone for the pair. Could push past into the next zone.

Watch for NFP this week.