USD/JPY Technical Analysis- Prices broke support at 92.05, the 14.6% Fibonacci retracement, exposing the 23.6% level at 90.48. A break below that aims for the 90.00 figure and the 38.2% Fib at 87.93. Major resistance is at 94.61, the February 25 high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information