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USDJPY Technical Analysis

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Daily technical analysis based trade tips and ideas for forex USDJPY. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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USDJPY beat 113.30/40 but only reached 113.85.
Today's Analysis
13 February 2017 Updated at 00:00am GMT
USDJPY bulls seem to be gaining control & holding above 113.30/40 re-targets 113.80/85. Be ready to buy a break above here targeting 113.90/95 then resistance at 114.20/30. Exit longs here & try shorts at 114.40/50 with stops above 114.90.

First support at 113.30/40 could hold the downside but longs need stops below 113.00. Further losses target 112.75 & perhaps as far as 112.55/50. However look for a buying opportunity at 112.35/30 with stops below 111.90.
Technical Analysis USDJPY