Forex: USD/JPY Technical Analysis – July High Targeted

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Talking Points

  • Prices broke above resistance in the 100.38-60 area (trend line from June, Sep top)
  • The bulls have now exposed theJuly 8 high at 10152
  • Turning back below 100.38 sees resistance-turned-support at 98.75

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dailyclassics_usd-jpy_body_Picture_12.png, Forex: USD/JPY Technical Analysis – July High Targeted

Daily Chart - Created Using FXCM Marketscope 2.0

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

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