FxWirePro
Long

Buy USD/JPY breakout above 113.80, target 114.25/55

FX:USDJPY   U.S. Dollar/Japanese Yen
172 0 8
Markets likely calmed by higher than expected Chinese CPI             figures, risk-on back.

USD/JPY             rallied to hit session highs at 113.80, but upside likely struggling at strong trendline resistance (113.80).

The pair has edged slightly lower and is currently holding at 113.77 levels, breaks above 113.80 could see 114.25 and then 114.55 levels.

Supports on the downside are located at 114.46 (10-DMA) and further below at 113.37 (5-DMA).

Next immediate resistance is seen at 113.80 (session highs and trendline), and then at 113.92 (Mar 7th highs).

Buy breakout above 113.80, SL 113.30, TP: 114.25/55
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out