Forex Analysis: USD/JPY Classic Technical Report 12.13.2012

DailyFX

Prices broke resistance is at 82.61, the 100%Fibonacci expansion, to challenge the 123.6% level at 84.33. A further push higher above this boundary targets the 138.2% level at 83.97. The 82.61 has been recast as support. A drop below that eyes the 76.4% expansionat 81.78.

View photo

.
Forex_Analysis_USDJPY_Classic_Technical_Report_12.13.2012_body_Picture_1.png, Forex Analysis: USD/JPY Classic Technical Report 12.13.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)