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USDJPY Technical Analysis Forecast Thursday, May 07, 2015

ForexZig.com May 7, 2015

USDJPY Technical Analysis

In the past trading day currency pair USDJPY started trading at 119.857 and closed at 119.447.

Daily high was 120.042 and daily low was 119.201.

During the Asian trade the pair USDJPY started trading at 119.857 and closed at 119.928. Asian highest price was 120.042, Asian low was 119.856.

During the European trade the pair USDJPY started trading at 119.856 and closed at 119.813. European highest price was 119.882, European low was 119.639.

During the US trade the currency pair USDJPY opened at 119.842 and closed at 119.423. US highest level was 119.856, US lowest price was 119.201.

USDJPY Thursday, May 07, 2015 Daily analysis for USDJPY

Support Resistance levels for today

S3 S2 S1 Pivot R1 R2 R3
118.244 118.722 119.085 119.563 119.926 120.404 120.767

USDJPY Forecast

We expect short-term adjustment at 0.290 and a long-term adjustment at 0.338 or our expectation is uptrend and target 119.785.

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