USD/JPY Technical Analysis: Rally Falters Near 101.50


USD/JPY Technical Analysis- Prices have turned lower, threatening to overturn the rising trend set from mid-June. Initial support is at 99.17, the 23.6% Fibonacci expansion. A break beneath that targets the 38.2% level at 97.72. Near-term resistance is at 101.52, the July 8 swing high.

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dailyclassics_usd-jpy_body_Picture_8.png, USD/JPY Technical Analysis: Rally Falters Near 101.50

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