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theforexarmy

USDJPY remain bullish above strong support

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
theforexarmy  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong USD jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpyforecast
8
1
usdjpy usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong usd jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpyforecast
Buy above 112.59. Stop loss at 112.29. Take profit at 113.49.
Reason for the trading strategy (technically):
We remain bullish above 112.59 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.49 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.

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