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USD/JPY Break Above 111.60 Targets 111.80/85

Published 03/11/2019, 02:23 AM
Updated 07/09/2023, 06:31 AM
USD/JPY
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EUR/JPY
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USD/JPY - EUR/JPY Daily Forecast - March 11, 2019

USDJPY _ EURJPY

USD/JPY resistance at 111.35/45 should be key. A break above 111.60 targets 111.80/85 before the high at 112.05/15. Try shorts with stops above 112.40.

Holding 111.35/45 targets support at 110.90/80. A break below 110.60 is an important sell signal initially targeting 110.35/30 with further losses expected.

EUR/JPY key resistance at 125.00/10. Stop above 125.30. A break higher targets 125.50/60 before strong resistance at 125.80/90. Shorts need stops above 126.00.

Failure to beat 125.00/10 targets 124.60 and support at 124.40/30. Try longs at 124.10/00 with stops below 123.70.

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