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USD/JPY unable to break below 118,jump till year high is expected

Monday, March 30, 2015 2:56 AM UTC

RES 4: 121.50
RES 3: 121
RES 2: 120.15
RES 1: 119.50 (9 day WMA)

PRICE: 119.26 @ 02:53 GMT

SUP 1: 118.69
SUP 2: 118.30 (Previous week low)
SUP 3:116.85 (Feb 2015 low)
SUP 4: 115.55

Weekly trend -Bullish

USD/JPY is trading between 118.32 and 120.15 in previous week. Any further weakness can be seen only below 118 level. Break below 118 will confirm bullish invalidation and decline till 116.85/115.5 cannot be ruled out.

It is good to buy around dips around 118.80 for the targets of 121/122.05.

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USD/JPY unable to break below 118,jump till year high is expected

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