USD/JPY bounced above our major support at 100.00 (a big figure, Fibonacci projection, horizontal support) and we expect a further bounce above 100.50 to reach our profit target of 101.45. Stop loss is adjusted to 100.00 for breakeven to protect our profits.
RSI (21) is displaying bullish divergence vs price signalling a reversal is impending.
From www.instaforex.com http://ift.tt/2dfr3Yy
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