FX.co ★ USD/JPY remains bullish for a push up

We remain bullish looking to play the intermediate bounce up from 114.70 support (Fibonacci retracement, horizontal overlap support) for a push up to 115.48 resistance (long term resistance, Fibonacci extension).

Stochastic (21,5,3) is bouncing off nicely from, our 5.8% support with good upside potential.

Buy above 114.70. Stop loss at 114.24. Take profit at 115.48.