USD/JPY Technical Analysis 05.09.2013
USD/JPY Technical Analysis- Prices are consolidating in a Triangle formation below the 100.00 figure. A Bearish Engulfing candlestick pattern hints a move lower is ahead. Near-term support is at 97.40, with a break below that exposing a pivot barrier at 96.28. The Triangle top is now at 99.57.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. 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.