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USD/JPY: technical analysis on 03.03.2015

At the beginning of the week, the USD/JPY started to grow,  reaching a resistance level of 120.25, but failed to break it down. Then, the quotes dropped below a level of 119.85 today in the morning at the opening of the Asian session. Data from Australia that had supported the yen slightly spoiled the bulls' plans that were going to break down a resistance level of 120.25. They have to recover positions instead.  

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