USDJPY Classic Technical Report 09.28.2012

DailyFX

Prices are approaching support at 77.47, the September 13 close, after taking out 77.96. A break below this boundary targets the bottom of an Andrew’s Pitchfork channel, now at 76.81. The 77.96 level has been recast as resistance, with a push back above that exposing the Pitchfork top now at 78.88.

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USDJPY_Classic_Technical_Report_09.28.2012_body_Picture_5.png, USDJPY Classic Technical Report 09.28.2012

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

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