We see new developments in our USD/JPY trade with the price reaching a good buying level which corresponds to our MACD ascending support level, with the price right on the support. This presents us a good signal to go bullish from here for a push up to 106.50, which is a fractal resistance level.
Trading recommendations:
Buy now and above 103.52
Take profit at 106.50
Stop loss at 101.90
The material has been provided by InstaForex Company - www.instaforex.com