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FxWirePro: USD/JPY approaching resistance level at 124.37, buy deals are recommended above 123.80

 

 



  • Major resistance can be found at 124.70, a break above this level will open the door to 125.00 handle.

 Recommendation: We prefer long above 123.80, targets 124.50, 124.80, SL 122.40.

 

Resistance Levels

R1: 124.37

R2: 124.70 (38.2 % Retracement Level)

 R3: 125.14 (23.6 % Retracement Level)

Support Levels

S1:124.03(61.8 % Retracement Level of 122.94 to 125.83)                                              

S2:123.88

S3:123.59 

 

  • Market Data
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