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Forex: USD/JPY Technical Analysis – Rally Falters Above 105.00

Ilya Spivak


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Talking Points


  • Prices are testing support at 104.13 (14.6% Fibonacci expansion)
  • A break lower initially exposes 103.34 (23.6% Fib exp.)
  • Near-term resistance is at 105.43 (January 2 swing high)


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_usd-jpy_body_Picture_11.png, Forex: USD/JPY Technical Analysis – Rally Falters Above 105.00

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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