It appears that the bullish trend continues for the USD/JPY pair, which has been testing and  trying to break above the resistance around 120.80 for sometime now. Of course, if does manage to break above that resistance it will then have to break above the resistance level at the last high, which is 121.90. In case the pair breaks above both levels, it will likely head for target 124.00. Either way, we will have to wait for the beginning of next week for any new development.