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Forex Analysis: USD/JPY Classic Technical Report 11.21.2012

Ilya Spivak

Prices are testing the 76.4% Fibonacci retracement at 82.51, with a break above that exposing the March 15 high at 84.17. Near-term support is at 81.48, the 61.8% level. A drop below that targets the 80.54-65 area.

Forex_Analysis_USDJPY_Classic_Technical_Report_11.21.2012_body_Picture_5.png, Forex Analysis: USD/JPY Classic Technical Report 11.21.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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