USD/JPY Technical Analysis- Prices are testing resistance at 94.45, the 38.2% Fibonacci expansion. A break above that exposes the 50% level at 95.16. Near-term support is at 93.57, the 23.6% Fib, with a drop below that aiming for rising channel resistance-turned-support at 92.65.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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