USD/JPY consolidating really well, prepare for a push up

Price continues to consolidate around our buying area and has been doing so for the past few days. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance).

RSI (34) remains above its support at 52% and we remain bullish on price as long as it holds above this level.

Buy above 111.31. Stop loss at 110.45. Take profit at 113.06.


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