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USD/JPY Technical Analysis 03.22.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are testing support at 94.45, with a break lower exposing a rising trend line now at 93.29. Near-term resistance is at 96.30, the 38.2% Fibonacci expansion, with a break above that exposing the 38.2% level at 97.00.

Forex_USDJPY_Technical_Analysis_03.22.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.22.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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