FX.co ★ USD/JPY Trading Recommendations for 14th July 2016

We see new developments in our USD/JPY trade with the price reaching a good buying level which corresponds to our MACD ascending support level, with the price right on the support. This presents us a good signal to go bullish from here for a push up to 106.50, which is a fractal resistance level.

Trading recommendations:

Buy now and above 103.52

Take profit at 106.50

Stop loss at 101.90