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USDJPY Classic Technical Report 09.19.2012

USDJPY Classic Technical Report 09.19.2012

2012-09-19 05:59:00
Ilya Spivak, Head Strategist, APAC
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Prices are hovering below Andrew’s Pitchfork resistance at 79.05. Initial support lines up at 77.96, marked by a familiar horizontal barrier and the Pitchfork midline. A break below that targets 77.47 and the Pitchfork bottom (76.97). Alternatively, a push above resistance exposes the 80.00 figure and 80.39.

USDJPY_Classic_Technical_Report_09.19.2012_body_Picture_5.png, USDJPY Classic Technical Report 09.19.2012

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

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