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USDJPY Classic Technical Report 09.24.2012

USDJPY Classic Technical Report 09.24.2012

2012-09-24 09:13:00
Ilya Spivak, Head Strategist, APAC
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Prices turned lower from Andrew’s Pitchfork resistance to test support at 77.96, marked by the June 1 close and the Pitchfork midline. A break below that targets the September 13 close at 77.47 and the Pitchfork bottom (76.90). Pitchfork top resistance is now squarely at 78.97, with a break above that exposing 79.65 and 80.39.

USDJPY_Classic_Technical_Report_09.24.2012_body_Picture_5.png, USDJPY Classic Technical Report 09.24.2012

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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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