At the start of the week, I noted that 113.00 has become a critical resistance for USD/JPY. The focus of the assessment was not about the bearish outlook from this resistance, but the bullish potential on a break. Well, price broke above 113.00 during the Tuesday, 5/8 session.USD/JPY Daily Chart(click to enlarge)Breakout:- As we can see on the daily chart, price has broken above the 113.00 level as well as the falling channel resistance.- This break opens up a bullish outlook. Also, it revives a bullish trend from late 2016. - With the bullish continuation scenario in mind, we can anticipate price to push towards 118-118.60, the highs from late 2016 and early 2017.- We should also anticipate some resistance around 115.50, which represents a common resistance during a 2-month consolidation range.- If we see price pullback down, we should anticipate support around the 115 support/resistance pivot.