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

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Forex Analysis:::2017-03-20T15:35:48

USD/JPY remain bullish above strong support

We remain bullish above 112.53 major support (Fibonacci extension, Fibonacci retracement) where we expect a bounce up to at least 113.57 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is seeing strong support above the 4.6% level where we expect a bounce from.

Buy above 112.53. Stop loss at 111.85. Take profit at 113.57.

USD/JPY remain bullish above strong support

Analyst InstaForex
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