USD/JPY: Important Support At 111.40/30
Jason Sen | Mar 22, 2017 07:12AM ET
USD/JPY has important support at 111.40/30. Try longs with stops below 111.00. A break lower is a sell signal despite oversold conditions targeting 110.80 and 110.50/40, perhaps as far as 110.00/109.90.
Holding important support at 111.40/30 as we expect targets 111.75/80 then resistance at 112.20/30. If we continue higher look for strong short term resistance at 112.80/90 for profit taking on all longs.
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