FxWirePro: USD/JPY extends gains above 104 handle after gap up open, intraday bias higher

• Resurgence of risk-on after the FBI director cleared Clinton of the emails case once again boosted US dollar bids.
   
• USD/JPY is extending gains above 104 handle after bullish gap up open in early Asian session.
   
• Technicals for the day are bullish, we see scope for further upside. Stochs have rolled over from oversold levels and RSI is biased higher.
   
• US election news flow to drive price action in the pair. Weakness only on close below 5-DMA at 103.56.
   
• Major support levels - 104 (20-DMA), 103.56 (5-DMA), 103, 102.55 (Nov 3rd low)
   
• Major resistance levels - 104.63 (Oct 13 high), 104.87 (Oct 25 high), 105.25 (trendline)
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Recommendation: Good to go long on dips around 104.10/20, SL: 103.50, TP: 104.60/ 105/ 105.25