USD/JPY remains bullish above strong support - Forex247

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Friday, April 7, 2017

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.

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The material has been provided by InstaForex Company - www.instaforex.com


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