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Forex: USD/JPY Technical Analysis – 4-Month Support at Risk

Ilya Spivak


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Talking Points


  • Prices are testing below a rising trend line set from mid-June (98.20)
  • Daily close below this barrier targets 96.24 (trend line from February)
  • Downward-sloping resistance is at 98.85; above that eyes 100.60 (Sep 11 high)


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


dailyclassics_usd-jpy_body_Picture_4.png, Forex: USD/JPY Technical Analysis – 4-Month Support at Risk

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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