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FX.co ★ USD/JPY: remain bullish above strong support

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Forex Analysis:::2017-02-20T15:47:37

USD/JPY: remain bullish above strong support

We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above the 8% level.

Buy above 112.59. Stop loss is at 112.29. Take profit is at 113.49.

USD/JPY: remain bullish above strong support

Analyst InstaForex
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