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Resistance: 79.08 strong/79.29 moderate/79.52 minor
Support: 78.85 moderate/78.64 minor/78.41 minor
We have a Three Inside Up in USDJPY Hourly charts suggesting a possible bounce in prices. The immediate support at 78.85 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 78.85 the immediate target will be the daily pivot point at 79.08, break of which suggests a further rally to 79.29. Stops ideally should be just under 78.85.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices
