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USDJPY – Break Above 115.00 Barrier To Trigger Further Upside, Daily Cloud Underpins

Strong bullish acceleration extends into third day and the price is establishing above 115.00 handle after meeting targets at 115.08/36.

Thickening daily cloud is continuing to underpin, along with daily studies that are now in full bullish setup.

Bulls are eyeing next target at 115.60 (19 Jan high), with extension through pivot at 115.91 (Fibo 61.8% of 118.59/111.57) to be attracted on solid NFP numbers.

Daily Ichimoku cloud (spanned between 114.51/74) and broken 55 SMA (114.30) should contain dips.

The pair is on track for repeated weekly bullish close that confirms strong bullish stance.

Res: 115.60, 115.91, 116.62, 116.91
Sup: 115.13, 114.74, 114.51, 114.30

Windsor Brokers Ltd
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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