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.

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The material has been provided by InstaForex Company – www.instaforex.com
Source: Forex Review