Recently, we noted that $USDJPY was percolating. Specifically, we noted that if price held above 105.50, USD/JPY would have a good chance of a bullish breakout that would have the 108-108.15 area in sight.USD/JPY Daily Chart(click to enlarge)Breakout:- The daily chart shows USD/JPY in a bullish breakout. Also, we saw that an attempt to push below 150.50 failed, which was the basis for the bullish breakout anticipation.- However, because the prevailing trend is still bearish, we should limit our bullish outlook to the 108-108.15 area for now. - Also monitor the daily RSI. If the RSI hold under 60, and price holds under 108.50, the overall market would still be bearish. - For now though, we can anticipate a short-term bullish attempt with 108 in sight.