Technical observation
USD/JPY is still above the supportive zone 112.66-112.60 and as long as it remain above it I expect nothing but bullish momentum towards113.37 and a breakout above it for a further rise in price towards the highest resistance 114.53, if you bought this pair yesterday within the above mentioned zone, remain long with your ideal target at 113.37 and stop loss around 112.18.In case you had not bought this pair yet, wait for another retracement to the zone and a bounce within it to buy this pair. In case of a clear breakout above 113.37, continue long with UDS after a pullback to the just broken line confirming possible bullish momentum.
Technical levels
Resistance levels
R1.112.02
R2.112.07
R3.112.18
Pivot
111.104
Support levels
S1.111.91
S2.111.84
S3.111.73
Trade signal
We are long towards 113.37.
Origin: FreshForex
