USD/JPY major resistance by 55-EMA at 103.22, long break above
USD/JPY was rejected at 55-EMA by 103.22 which is major resistance.
The pair 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).
Good to go long on breakout above 103.22, SL: 102.65, TP: 103.50/ 104/ 104.20
On the downside break below 50-DMA (102.67) could see test of 101.75.
Bearish resumption on break below 20-DMA at 101.24.
The pair 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).
Good to go long on breakout above 103.22, SL: 102.65, TP: 103.50/ 104/ 104.20
On the downside break below 50-DMA (102.67) could see test of 101.75.
Bearish resumption on break below 20-DMA at 101.24.
