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
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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