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USD/JPY – Eyes 23.6% Fibo resistance

OANDA:USDJPY   USD/JPY
Pair’s break above September high of 104.32 followed by a rise to 104.80, the highest level July 29 suggests continuation of the rally from 100.00 levels and could yield a rise to 105.44 (23.6% fibo 98.787-107.50).

On the lower side, only a retreat from current levels followed by a daily close below 104.32 (September high) would open doors for a corrective move to 103.72.
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