The US Dollar has been rallying against the Japanese Yen last week, but starts this week with some resistance as we can see on the daily chart.USD/JPY Daily Chart(click to enlarge)Bulls in Charge:- The daily chart also shows a market that has been bullish since March/April this year. - Price has pushed and held above the 200-day simple moving average (SMA).- The rally also cracked a falling resistance that goes back to the start of 2017, and extends even further to the highs from 2015 (see in weekly chart).- Furthermore, the RSI has held above the 40 level for the most part. Having already pushed above 70, holding above 40 is a sign that the bullish momentum is still in play. - The fact that price bounced off of the 200-day SMA while the RSI bounced off of 40 recently suggested that bulls were still in charge.- Then, last week's push above the August pennant pattern also suggests bullish continuation.- Because of this confluence of bullish signals, the market could be looking to buy on this week's dip.- There is still upside to at least the 114-114.60 area, which is a common resistance going back to May this year. USD/JPY Weekly Chart(click to enlarge)