USD/JPY creates upside risk to 79.10 following the push into fresh 15-week highs during Thursday's European session. The foray above Wednesday's high at 78.67 negates Wednesday's neutralizing doji candle, and challenging the influential 260-day moving average at 79.10 is now the immediate objective. A 29-month downtrend resistance line lies at 79.31 for the month of February, which shields the October 31 spike high at 79.55. Only a setback below 78.36 would bring key support at 78.18 into the picture. USD/JPY is at 78.70.
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