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Forex technical analysis: USDJPY breaking above the ceiling

Discussion in 'Technical Analysis' started by ForexLive, Jan 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Above the 118.51 level The USDJPY has broken above the 118.51 level. As posted earlier, the area between 118.22-51 was a floor going back to Feb. It has been a ceiling in January though. The ceiling has now been broken. Stay above and the 118.85 is the next target. This is the 38.2% of the move down from the Dec 18 high.

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