To receive Ilya's analysis directly via email, please SIGN UP HERE
USD/JPY Technical Analysis
- Consolidation continues within a large Triangle chart pattern, a setup hinting at bullish continuation
- Key resistance is at 98.76 (Triangle top, 38.2% Fib), with a break higher exposing 99.67 (50% Fib)
- Triangle bottom support is currently at 96.94, followed by a rising trend line now at 95.63
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.