Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

USD/JPY Technical Analysis – Trying to Expose 102.00 Level

By , Currency Strategist
27 November 2013 12:37 GMT

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are testing above resistance in the 101.52-72 area (July 9 high, 76.4% Fib exp.)
  • A break higher initially clears the way for a test of 102.38 (100% Fib exp.)
  • Support is at 101.31 (61.8% Fib exp.); below that eyes 100.97 (50% Fib exp.)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-jpy_body_Picture_10.png, USD/JPY Technical Analysis – Trying to Expose 102.00 Level

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

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.

27 November 2013 12:37 GMT