USD/JPY Technical Analysis – Yen Hits 5-Week High

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Talking Points

  • Prices are testing below support at 97.86 (61.8% Fib) to challenge 97.44 (76.4% Fib)
  • Close below 97.44 exposes 96.77 (100% Fib expansion)
  • Back above 97.86 eyes trend line support-turned-resistance at 98.30

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dailyclassics_usd-jpy_body_Picture_5.png, USD/JPY Technical Analysis – Yen Hits 5-Week High

Daily Chart - Created Using FXCM Marketscope 2.0

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

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