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Long

USD/JPY Intra day trading idea

FX:USDJPY   U.S. Dollar / Japanese Yen
19 0 1
Intra day trend-bullish
USD/JPY             has broken major resistance at 110.08 (Oct 1st high) and is expected to trade higher in the coming days.
An indicative break would extend gain to 111.60 ( 50% retracement of 147.66 and 75.55).
Minor support is around 110( resistance turned into support) and any break below will target 109.60/109.15.

Recommendation: Buy USD/JPY             around 110.40-45, SL 109.98, Target 111.60
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