FX.co ★ USD/JPY Testing Its Resistance, Potential Breakout!

USD/JPY is testing its resistance at110.63 (100% Fibonacci extension, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where if broken, we can expect a further move up to its next resistance at 111.14 (100% Fibonacci extension, 100% Fibonacci extension, horizontal swing high resistance).

Stochastic (89, 5, 3) still has a lot of upside potential.

Buy above 110.63. Stop loss at 110.16. Take profit at 111.41.