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FX.co ★ USD/JPY is bullish above strong support

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Forex Analysis:::2016-10-20T00:49:38

USD/JPY is bullish above strong support

The price has turned bullish above major support at 103.16 (Fibonacci retracement, Fibonacci projection, horizontal support) where we again expect a bounce up to 104.02 at least.

Stochastics (34,5,3) is bouncing above major support at 4%.

Buy above 103.16. Set stop loss at 102.77 and take profit at 104.02.

USD/JPY is bullish above strong support

Analyst InstaForex
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