USDJPY Classic Technical Report 09.03.2012
Prices broke support at a rising trend line set from late July low, exposes double-bottom support at 77.96. The trend line, now at 78.49, has been recast as near-term resistance. A break back above that targets the 23.6% Fibonacci expansion at 78.69.
Daily Chart - Created Using FXCM Marketscope 2.0
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