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USD/JPY Technical Analysis 04.19.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are testing above resistance at 98.60, the 38.2% Fibonacci expansion, to challenge the 50% level at 99.47. A break above that aims for the 100.00 figure and the 61.8% Fib at 100.34. Near-term support is at 97.52, the 23.6% expansion

Forex_USDJPY_Technical_Analysis_04.19.2013_body_Picture_1.png, USD/JPY Technical Analysis 04.19.2013

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

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