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Looking to Buy USD/JPY

Looking to Buy USD/JPY

Joel Kruger, Technical Strategist

Once again very well supported on dips with the market holding above our key higher low level at 76.55. The latest close back above 77.30 has accelerated gains and now opens the door for the establishment back above 78.30 and fresh upside towards a retest of critical resistance from October 2011 at 79.55.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.