USD/JPY Technical Analysis 02.28.2013
USD/JPY Technical Analysis- Prices are testing support in the 91.34-92.05 area, marked by a rising trend line and the 14.6% Fibonacci retracement. A break lower initially exposes the 23.6% level at 90.48. Near-term resistance is at 94.61, the February 25 high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.