USD/JPY has made a temporary top around 115.51 and intraday trend is bullish as long as support 114.60 (55 day HMA) holds.
USD/JPY is in consolidation phase and any break of major support 114.60 will target 114/113.40.
Major resistance-115.51. Any indicative break above would extend gain to 116.39 (161.8% retracement of 115.50 to 114.05).
Recommendation: Buy USD/JPY around 115.20, SL 114.60, Target 116.39.
USD/JPY is in consolidation phase and any break of major support 114.60 will target 114/113.40.
Major resistance-115.51. Any indicative break above would extend gain to 116.39 (161.8% retracement of 115.50 to 114.05).
Recommendation: Buy USD/JPY around 115.20, SL 114.60, Target 116.39.