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USD/JPY Technical Analysis 03.27.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are wedged between support at 93.77, marked by the 50% Fibonacci retracement and reinforced by a rising trend line set from early January, and resistance at the 38.2% level (94.46). A break higher aims for a falling trend line at 95.88. Alternatively, a push below support targets the 61.8% Fib at 93.08.

Forex_USDJPY_Technical_Analysis_03.27.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.27.2013

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

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