FX.co ★ USD/JPY prepare to turn bullish above major support

Price is approaching major support at 116.41 (Fibonacci projection, a horizontal swing low, Fibonacci retracement) and we expect a bounce above this level to at least 117.17 (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is also approaching support at 9.2%.

Buy below 116.41. Stop loss at 115.98. Take profit at 117.17.