Forex Analysis: USD/JPY Classic Technical Report 01.23.2013


Prices are testing support at the bottom of a rising channel set from late December, aiming for the 23.6% Fibonacci retracement at 88.22. A break below that targets the 38.2% level at 86.97. Near-term resistance is at 90.24, the January 21 high.

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Forex_Analysis_USDJPY_Classic_Technical_Report_01.23.2013_body_Picture_1.png, Forex Analysis: USD/JPY Classic Technical Report 01.23.2013

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--- Written by Ilya Spivak, Currency Strategist for

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