Sennna

USD/JPY clears key resistance

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY managed to get past a confluence of seven different layers of resistance, in the area of $109.30 - $109.70. A convincing move, initiated by the improving global markets outlook, has paved the way for more gains as bulls target $110.70 first and then the major 3-year down-slipping trend line at $111.60.

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