News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDJPY Classic Technical Analysis Report 10.23.2012

USDJPY Classic Technical Analysis Report 10.23.2012

Ilya Spivak, Head Strategist, APAC

Prices broke resistance at 79.53 having cleared the tops of a Triangle consolidation chart pattern and a falling channel set from late June last week, prompting us to enter long. The bulls are now challenging the psychologically significant 80.00 figure, with a break above that exposing 80.39. The 79.53 has been recast as support, with a drop below that aiming for the 79.00 mark.

USDJPY_Classic_Technical_Analysis_Report_10.23.2012_body_Picture_5.png, USDJPY Classic Technical Analysis Report 10.23.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. 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.