USD/JPY technical analysis: up trend will continue if the price stable above 113.30

6 Nov 2018 04:16 PM

Positive signals on the price have strengthened with stability above 112.95 earlier; stability above this level will cause intraday trading to continue within the bullish range, which means continuation of the pair's rally.
However, we should know that a break of 112.95 will weaken the probability of an intraday bullish move.
From here, it might be a good idea to buy the pair above 113.30, with a two-time profit at 113.85, 114.15 and stop loss below 112.80.


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