USD/JPY Technical Analysis 04.26.2013

DailyFX

USD/JPY Technical Analysis- Prices are trading water below resistance at 99.47, the 50% Fibonacci expansion. This barrier is reinforced by the psychologically significant 100.00 barrier. A break above that targets the 61.8% level at 100.34. Near-term support is at 98.20, the 23.6% Fib retracement, with a move below that eyeing the 38.2% mark at 97.12.

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Forex_USDJPY_Technical_Analysis_04.26.2013_body_Picture_5.png, USD/JPY Technical Analysis 04.26.2013

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