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
Forex: USD/JPY Technical Analysis 01.31.2013

Forex: USD/JPY Technical Analysis 01.31.2013

Ilya Spivak, Head Strategist, APAC

USD/JPY Technical Analysis- Prices are testing resistance at 91.33, a level marked by a rising channel top and the 38.2% Fibonacci expansion. Negative RSI divergence warns of ebbing bullish momentum and hints a reversal lower is ahead. Near-term support is at 90.06, the 23.6% Fib, with a break below that aiming for the channel bottom at 89.15.

Forex_USDJPY_Technical_Analysis_01.31.2013_body_Picture_1.png, Forex: USD/JPY Technical Analysis 01.31.2013

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.