USD/JPY testing major support, remain bullish for a push up from here

We remain bullish above major support at 110.73 (Fibonacci retracement, Fibonacci extension, and horizontal overlap support) and we expect it to shoot up from here to at least 112.20 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support at 7% and has started to bounce nicely off it.

Buy above 110.73. Stop loss is at 110.02. Take profit is at 112.20.


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