Forex: USD/JPY Technical Analysis – On Pace to Expose 103.00

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Talking Points

  • Prices are testing above resistance at 102.38 (100% Fib expansion)
  • A close above this barrier exposes 103.05 (123.6% Fib exp.)
  • Turning back below 102.38 eyes support at 101.72 (76.4% Fib exp.)

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dailyclassics_usd-jpy_body_Picture_10.png, Forex: USD/JPY Technical Analysis – On Pace to Expose 103.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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