USD/JPY Technical Analysis 03.05.2013

DailyFX

USD/JPY Technical Analysis- Prices continue to consolidate in a choppy range below the February 25 swing high at 94.61. Near-term rising trend line is at 91.69, with a break below that exposing the 23.6% Fibonacci retracement at 90.48.

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Forex_USDJPY_Technical_Analysis_03.05.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.05.2013

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

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