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USD/JPY Technical Analysis 03.06.2013

USD/JPY Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

USD/JPY Technical Analysis- Prices continue to consolidate in a choppy range below the February 25 swing high at 94.61. Near-term rising trend line support is at 91.80, with a break below that exposing the 23.6% Fibonacci retracement at 90.48.

Forex_USDJPY_Technical_Analysis_03.06.2013_body_Picture_5.png, USD/JPY Technical Analysis 03.06.2013

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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