USD/JPY Analysis (October 02)

The pair continues to consolidate on top of the key 76,00 level but we are starting to see the bounce building up.
The daily close above the 20 moving average on friday now exposes a test of 78,00 key resistance (weekly 20 moving average). But we still need to see the market establishing above 78,00 to confirm a bullish outlook over the middle term.