USD/JPY triangle resistance at 120.10 – FXMarketAlerts

FXStreet (Barcelona) - The FXMarket Alerts Team gives the technical outlook and key levels for USD/JPY, expecting a break above 120.10 to pave way for 120.48 and 120.83 levels.

Key Quotes

“Approaching the 120.00 level and nearby see the 3-mth triangle resistance coming into play at 120.10. Clearance here will see bulls reasserting and shift focus to the 120.48 and 120.83 highs.”

“Support now at 119.50/45 area then the 119.12 low of Fri.”

“R1: 120.00/10 * figure, trendline

R2: 120.48 * 11 Feb high

R3: 120.83 23 Dec high

S1: 119.50 26 Feb high

S2: 119.12 27 Feb low

S3: 118.63 * 25 Feb low”