USD/JPY Technical Analysis 04.05.2013
USD/JPY Technical Analysis- Prices are testing resistance at 96.70, the March 12 high. A break above that targets the 123.6% Fibonacci extension. Near-term trend line support is at 94.41, with a push below that eyeing the April 2 low at 92.56.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- 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