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Home » Yen » USD/JPY Technical Levels for USA Trading Sessions 04/03/2016

USD/JPY Technical Levels for USA Trading Sessions 04/03/2016

The Yen hurdle is seen at 114.48 (23.6% of June 2015 high-Feb 2016 low), above which the pair could target 114.87 (Feb 16 high), which if breached shall open doors for a rally to 115.97 (Jan 20 low). On the other hand, a breakdown of immediate support at 113.56 (5-DMA) could see the spot re-test 113.19 (10-DMA). A break lower could see prices drift lower to 112.15 (March 1 low).

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