FX.co ★ USD/JPY key resistance broken, time to start buying

The price has broken our key support level triggering a bullish move. We look to buy above 109.80 support (Fibonacci retracement, horizontal pullback support) for a push up to at least 111.11 resistance (Fibonacci retracement, horizontal swing high resistance).

RSI (34) has made a bullish exit signaling that a change in momentum is starting to be seen.

Buy above 109.80. Stop loss is at 109.38. Take profit is at 111.11.