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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/JPY look to buy on dips for a further push up

Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) sees support above 50% where we expect further bullish momentum from.

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.

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