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magbrr
May 22, 2018 7:05 PM

USDJPY Long Long

U.S. DOLLAR / JAPANESE YENICE

Description

USDJPY pair has breached two consecutive important resistance levels namely R1 @ 107.933 cluster zone as shown and R2 @ 110.376 respectively. Current price action is viewed as a "wait and see" effect as price consolidates at minor resistance of 111.439. Consequently, next target is opened up and eyed @ 113.380/113.781 cluster resistance.

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