USD/JPY: The End Of The Correction?

After its last rally USD/JPY went into a correction that has lasted for the past five weeks, but it appears that the correction may finally be over. The pair formed a doji candlestick above the support at 121.70 on the weekly filter chart and started moving to the upside. It is currently headed for the resistance at 124.40, visible on the daily filter chart. Should it break above that level it will likely continue towards its previous high at 125.85 and should it manage to break above that level I think we can expect another rally towards 128.80.