VantageFX

USDJPY right on major support, time to start buying!

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Price is bouncing nicely off major support at 112.04 ( Fibonacci retracement , Fibonacci extension , horizontal overlap support area ) and we expect to see a strong push up to at least 113.11 resistance ( Fibonacci retracement , Fibonacci extension , horizontal overlap resistance).

Stochastic (55,3,1) is seeing major support above 4.8% and we expect a strong bounce above this level.