USD/JPY Technical Analysis– Prices are testing resistance at 101.42, the 76.4% Fibonacci expansion, with a break higher targeting the 100% level at 103.16. Near-term support is at 100.34, the 61.8% Fib, with a turn back beneath that eyeing a recently broken Triangle pattern top now at 99.53.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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