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USD/JPY: Break Below 110.30 Is Sell Signal Targeting 110.10/00 And 109.70/60

Published 03/22/2019, 08:43 AM
Updated 07/09/2023, 06:31 AM

USDJPY _ EURJPY

USD/JPY holding below 110.80/75 retests good support at 110.45/35. A break below 110.30 is a sell signal targeting 110.10/00 & 109.70/60.

First resistance at 110.75/85 but above here meets a selling opportunity at 111.20/30 with stops above 111.45.

EUR/JPY key 100 day moving average resistance at 126.40/43 but above here tests 4 month trend line resistance 126.70/75. A break higher tests important 200 week moving average resistance at 127.13/18. A lot for bulls to tackle.

Failure to beat 126.15 re-targets 125.70/60 then 125.30/20.

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