Forex: USD/JPY Technical Analysis – Candle Setup Hints at Gains
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Talking Points
Prices put in a bullish Morning Star candle pattern, hinting at gains ahead
Above resistance at 103.85 (23.6% Fib exp.) exposes 104.27 (channel top)
Near-term support is now at 102.14 (channel bottom)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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