Bias: USDJPY Bias toward 2015 Highs On BoJ & Lagging correlation

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

* USD/JPY attempting to establish upward channel; orbiting
121.02 200-DMA
* 3rd resistance: 121.75 Aug. 28-31 highs
* 2nd resistance: 121.56 Oct. 26 high
* 1st resistance: 121.26 Oct. 28 high
* Spot: 121.10
* 1st support: 120.52 55-DMA
* 2nd support: 120.07 Oct. 28 low
* 3rd support: 119.62 Oct. 22 low

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