USD/JPY Technical Analysis– Prices are testing resistance at 96.70, the March 12 high. A break above that targets the 123.6% Fibonacci extension. Near-term trend line support is at 94.41, with a push below that eyeing the April 2 low at 92.56.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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