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USD/JPY Technical Analysis 03.12.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices broke above resistance at 94.98, a barrier marked by the 23.6% Fibonacci expansion. Buyers are now targeting the 38.2% level at 97.52. The 94.98 level has been recast as support. A drop back below that broadly aims for the February 25 low at 90.84.

Forex_USDJPY_Technical_Analysis_03.12.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.12.2013

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

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