Although a mild selloff was posted from our trigger level yesterday, the losses could not be sustained resulting in USD/JPY posting a mildly bullish performance. We are now assessed to be the 3rd corrective wave higher towards our medium term sell trigger at 99.92. Although the bias is for higher levels there are signs of stalling at current levels. We look to buy into nay dips. The call is Bullish Bias: Buy a dip at 98.70 stop at 98.30. The profit targets will be: 99.00, 99.50 and 99.92. Support levels are: 98.70, 98.50 and 98.10
