FX.co ★ USD/JPY time to turn bullish on pullback support

Price has broken a key level of support triggering our bullish move. We look to buy above major support at 113.11 (Fibonacci retracement, horizontal overlap support) for a push up to at least 113.90 resistance (Fibonacci retracement, horizontal swing high resistance).Stochastic (34,3,1) is showing major resistance at 96% so we expect a retracement first to get us into a good entry position before our bounce.

Buy above 113.11. Stop loss at 112.79. Take profit at 113.90.