USD/JPY spikes past 200-DMA as the major extends previous session's gains.
US dollar buoyed across the board after upbeat GDP data and Fed Chair Powell's comments.
Next major bull target lies at 112.21 (76.4% Fib) ahead of 112.33 (200-W SMA ).
Bullish invalidation below 200-DMA .
Support levels - 111.31 ( 200-DMA ), 110.77 (61.8% Fib), 110.56 ( 20-DMA )
Resistance levels - 112, 112.21 (76.4% Fib), 112.33 (200-W SMA )
Good to stay long on dips, SL: 111.30, TP: 112/ 112.20
Submit Your Comments: