USDJPY: 100, 200 EMA at 112.50 support | February 12, 2017

On usdjpy pair, 100, 200 ema is staying on the same place on h1 time frame at 112.50. We can see support level on this level. So it can be good buy level for this pair. So if we find this pair on that zone, then we should buy on usdjpy and stop loss will be below the support zone, target will be 30-140 pips.

Another support level for usdjpy lies on 11.65 level which is now key support for this pair. If it break, then we should look for sell on usdjpy. Otherwise if it rejected from support level, then we can buy this pair.

Stochastic indicator is also showing upward movement on h1. So we can stay on buy mode for short time.