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USD/JPY Technical Analysis 04.23.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are pulling back from resistance near the 100.00 figure to approach support at 98.20, the 23.6% Fibonacci retracement. A break below that aims for the 38.2% level at 97.12. Alternatively, a move above 100.00 exposes Fib expansion objectives at 100.34 and 101.42.

Forex_USDJPY_Technical_Analysis_04.23.2013_body_Picture_5.png, USD/JPY Technical Analysis 04.23.2013

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

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