USD/JPY Technical Analysis 03.13.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are drifting lower after putting in a bearish Evening Star candlestick formation. Initial support lines up at 95.32, the 23.6% Fibonacci retracement. A break below that exposes the 38.2% level at 94.46. Near-term resistance is at 96.70, the March 11 high.


Forex_USDJPY_Technical_Analysis_03.13.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.13.2013
Forex_USDJPY_Technical_Analysis_03.13.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.13.2013

4hr Chart - Created Using FXCM Marketscope 2.0




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


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