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Home » USA Trading Sessions » USD/JPY Technical Levels for USA Trading Sessions 30/03/2016

USD/JPY Technical Levels for USA Trading Sessions 30/03/2016

The USD/JPY acceptance above 112.56 (hourly 200-MA) would open doors for 113.09 (confluence of hourly 50-MA and hourly 100-MA). A violation there could trigger unwinding of shorts and result in a re-test of 113.80 (previous day’s high). Conversely, a break below daily low of 112.02 would expose 111.77 (Feb 23 low), under which the spot could drift lower to 110.67 (Mar 17 low).

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