Technical Analysis : USD/JPY 15 March 2022

15 March 2022 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsUSD/JPY

Forex Technical Analysis : USDJPY 15 March 2022

Forex Technical Analysis : USDJPY

Date : 15 March 2022

Pivot point : 118.00

Our preference : long positions above 118.00 with targets at 118.50 & 118.80 in extension.

Alternative scenario : below 118.00 look for further downside with 117.70 & 117.40 as targets.

Comment : the break above 118.00 is a positive signal that has opened a path to 118.50.

Supports and resistances :

119.00 **
118.80 *
118.50
118.33 – Last price
118.00
117.70 *
117.40 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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