Forex: USD/JPY Technical Analysis – Trend Line Marks Support
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- Prices are bounding from trend line support set from mid-June (97.81)
- Near-term resistance is at 98.89 (23.6% Fib); break above that targets 99.59 (38.2% Fib)
- Turn below support aims for a trend line set from late February (now at 96.03)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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