USD/JPY Technical Strategy: Flat
Prices are testing above resistance at 94.96, a barrier marked by the 23.6% Fibonacci expansion and a formerly broken rising trend line. A break above that targets the 38.2% level at 97.52. Near-term support is at 90.84, the February 25 low. Current positioning does not offer an actionable trade setup and we will stand aside for now.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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