USD/JPY Technical Analysis 02.13.2013
USD/JPY Technical Analysis- Prices are retesting rising channel resistance-turned-support at 92.82, with a break lower exposing the February 8 low at 92.16. Near-term resistance is at 93.57, the 23.6%Fibonacci expansion. A break above that targets the 38.2% level at 94.45.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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