Forex Analysis: USD/JPY Classic Technical Report 11.15.2012

DailyFX

Prices are pushing aggressively higher from rising trend line support set from late September, with the bulls now challenging the 61.8% Fibonacci retracement at 81.26. A break above that exposes the 76.4% level at 81.78. The first layer of major support is in the 79.91-80.00 area.

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Forex_Analysis_USDJPY_Classic_Technical_Report_11.15.2012_body_Picture_5.png, Forex Analysis: USD/JPY Classic Technical Report 11.15.2012

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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