Does Not Be Stable Above 117,50 / USDJPY / 20/01/2015 10:05:50Because of US markets were closed yesterday, there was no data flow. USDJPY pair appreciated above 117,50 level during the day and stayed there. With dollar’s strong outlook, the pair broke 118,00 level upwards.
With no important data flow today; FOMC’s...
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Technically; if USDJPY pair breaks 118,70 resistance, then 119,25 level could be watched as short term resistance. Below 118,70 level, 118,00 and 117,50 levels would be watched as supports. Pair needs to be stable above 118,00 level, in order to start a new upward trend.