FX.co ★ USD/JPY profit target almost reached, turn bullish

Price dropped from our selling area perfectly. We now look to collect our profits and look to buy above 101.20 support (horizontal pullback support, Fibonacci retracement, Fibonacci projection) for a rise to 102.30.

RSI (21) is on pullback support.

Stochastics (21,3,3) is right above 2% support level where we expect a bounce from.

Buy above 101.20. Stop loss is at 100.60. Take profit is at 102.30.