Intra day trend-bullish
USD/JPY has broken major resistance at 110.08 (Oct 1st high) and is expected to trade higher in the coming days.
An indicative break would extend gain to 111.60 (50% retracement of 147.66 and 75.55).
Minor support is around 110( resistance turned into support) and any break below will target 109.60/109.15.
Recommendation: Buy USD/JPY around 110.40-45, SL 109.98, Target 111.60
USD/JPY has broken major resistance at 110.08 (Oct 1st high) and is expected to trade higher in the coming days.
An indicative break would extend gain to 111.60 (50% retracement of 147.66 and 75.55).
Minor support is around 110( resistance turned into support) and any break below will target 109.60/109.15.
Recommendation: Buy USD/JPY around 110.40-45, SL 109.98, Target 111.60