FX.co ★ Technical analysis of USD/JPY for 10th November, 2016

Price dropped perfectly to our profit target yesterday. We turn bullish above 105.48 support (channel breakout level, horizontal breakout level) for a push up to 106.67.

RSI (34) still has some upside potential to play.

Buy above 105.48. Stop loss at 104.70. Take profit at 106.67.