USD/JPY continues its rise up perfectly, remain bullish

Price continues to rise nicely towards our profit target. We start adjusting our position to lock in more of our profits to rise the move all the way up. Our goal is to remain bullish above 111.94 support (Fibonacci retracement, horizontal overlap 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 111.94. Stop loss at 111.40. Take profit at 113.06.


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