USD/JPY mad e low of 113.85 and has recovered from that level. Overall trend is bullish as long as support 113 holds.
Intraday support -114.60. On the downside break below will target 114.20/113.80. USD/JPY is facing resistance around 115.60. Any indicative break above would extend gain to 116.39 (161.8% retracement of 115.50 to 114.05).
Recommendation: Buy USD/JPY around 115.10-15, SL 114.59, Target 116.39.
Intraday support -114.60. On the downside break below will target 114.20/113.80. USD/JPY is facing resistance around 115.60. Any indicative break above would extend gain to 116.39 (161.8% retracement of 115.50 to 114.05).
Recommendation: Buy USD/JPY around 115.10-15, SL 114.59, Target 116.39.