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 Technical Analysis for JPY

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for JPY   Thu Mar 06, 2014 10:30 am



Technical Analysis for JPY

USDJPY continues to push higher, hitting 102.70-102.80 main resistance level for the recent sideways range, a break above that resistance would confirm a more prolonged bullish rebound, supporting our bullish bias. We prefer to wait for this breakout to confirm a move higher in the near term, targeting 103.45 and 103.85 next potential resistance levels.

Support: 102.30, 102.00, 101.70, 101.50, 101.15
Resistance: 102.70, 103.00, 103.40, 103.85, 104.20
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