102.85 the short term level to watch as 103 gets taken out

We’re finding support on the broken Jan resistance line at 102.94 which coincides with yesterdays lows around 102.92. Under there the 102.83.85 area was Friday’s support before the NFP pop.

USD/JPY h4 chart 11 03 2014

USD/JPY h4 chart 11 03 2014

As usual, look for resistance to come in at the broken support level at 103.15/20

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