FX.co ★ USDJPY rise in progress, remain bullish

Price continues to rise as expected. We look to buy on pullback to our buying area of 102.05 for a continued rise to 103.75 which is our channel bullish exit potential + Fibonacci retracement + pullback resistance.

RSI (21) is approaching pullback support where we expect another bounce from.

Trading Recommendations:

Buy above 102.05.

Stop Loss at 100.55.

Take profit at 103.75.