JPY crosses/Technical Analysis/USD/JPY

USD/JPY session outlook: Levels to watch at 80.70/81.50

     The market is bullish so there is no point in getting in the way of this sentiment. Initial support is near yesterday’s break-up level and resistance should be very solid 81.50 through 81.75. I’d play this range and also keep a close eye on important resistance in EUR/JPY at 104.80.

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