FxWirePro

USD/JPY Short Term Outlook

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
1
USD/JPY has taken support at 107.59 (23.6% retracement of 105.18 and 108.34) and recovered from that level.
Trend reversal only below 107.58.
Overall trend is bullish and is expected to go up to 110.08 (Oct 1st high).
It is good to buy around 108-108.10, SL 107.58, Target 110.08
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