FxWirePro: USD/JPY finds stiff resistance at 103.40, bias higher

• USD/JPY has broken 50-DMA at 102.67, but upside halts at 23.6% Fib level at 103.19.
   
• The major has slipped below the 103 handle to currently trade around 102.88.
   
• Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-holds-618-Fibo-support-retakes-102-handle-good-to-long-dips-281483) has achieved all targets.
   
• Intraday bias remains higher, we see gains upto 103.40 which is major trendline resistance. Further upside only on break above. 
   
• Major support levels - 102.67 (50-DMA), 102.49 (38.2% Fib), 102, 101.91 (20-DMA)
   
• Major resistance levels - 103.19 (23.6% Fib), 103.40 (falling trendline), 103.53 (Aug 31 high)
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Recommendation: Good to go long on dips around 102.75,SL: 102..40, TP: 103.19/ 103.40