USD/JPY hit our buying opportunity at 98.20/10 & bottomed exactly here. This trade worked perfectly as we shot higher to 98.60 & could now retest 98.84. If we continue higher today look for a test of October highs at 99.00/99.10 for a selling opportunity with stops above 99.35.
Immediate support is 98.40 but below here should retest 98.20/10. We can use this area as a buying opportunity again, with stops below 97.90. On a break lower look for the next support at 97.65.