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2 Mar 2015
USD/JPY triangle resistance at 120.10 – FXMarketAlerts
FXStreet (Barcelona) - The FXMarket Alerts Team gives the technical outlook and key levels for USD/JPY, expecting a break above 120.10 to pave way for 120.48 and 120.83 levels.
Key Quotes
“Approaching the 120.00 level and nearby see the 3-mth triangle resistance coming into play at 120.10. Clearance here will see bulls reasserting and shift focus to the 120.48 and 120.83 highs.”
“Support now at 119.50/45 area then the 119.12 low of Fri.”
“R1: 120.00/10 * figure, trendline
R2: 120.48 * 11 Feb high
R3: 120.83 23 Dec high
S1: 119.50 26 Feb high
S2: 119.12 27 Feb low
S3: 118.63 * 25 Feb low”
Key Quotes
“Approaching the 120.00 level and nearby see the 3-mth triangle resistance coming into play at 120.10. Clearance here will see bulls reasserting and shift focus to the 120.48 and 120.83 highs.”
“Support now at 119.50/45 area then the 119.12 low of Fri.”
“R1: 120.00/10 * figure, trendline
R2: 120.48 * 11 Feb high
R3: 120.83 23 Dec high
S1: 119.50 26 Feb high
S2: 119.12 27 Feb low
S3: 118.63 * 25 Feb low”