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

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Forex Analysis:::2017-04-06T15:42:55

USD/JPY remains bullish above strong support

We remain bullish above support at 110.27 (Fibonacci extension, horizontal swing low support, and ascending support) for a push up to 111.45 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support at 6% and is about to bounce off it.

Buy above 110.27. Stop loss is at 110.02. Take profit is at 111.45.

USD/JPY remains bullish above strong support

Analyst InstaForex
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