FxWirePro: USD/JPY finds major resistance by 55-EMA at 103.22, go long on break above

• USD/JPY was rejected at 55-EMA by 103.22 which is a major hurdle on the upside.
   
• The major has broken above 50-DMA at 102.67. 
   
• Break above 55-EMA at 103.22 can see test of 104.20 (trendline).
   
• Major support levels - 102.87 (H 20 MA), 102.67 (50-DMA), 102.58 (38.2% Fib).
   
• Major resistance levels - 103.22 (55-EMA), 103.52 (50% Fib), 104, 104.20 (trendline).
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Recommendation: Good to go long on breakout above 103.22, Sl: 102.65, TP: 103.50/ 104/ 104.20