USD/JPY Technical Analysis- Prices are looking for direction below resistance at 100.06, the 23.6% Fibonacciexpansion. A break higher exposes the 38.2% level at 101.19. Near-term support is at 98.56, the 38.2% Fib retracement. A reversal below this barrier eyes the 50% mark 97.65.
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
- Finance Trading
- Basic Materials Industry