Tanalys

USD/JPY Technical Analysis 05.03.2013

USD/JPY Technical Analysis– Prices are consolidating in a Triangle formation below the 100.00 figure. Near-term support is at 97.18, with a break below that exposing a pivot barrier at 96.28. The Triangle top is at 99.62.

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya’s e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

Exit mobile version