USD/JPY Technical Analysis – Yen Hits 5-Week High
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- Prices are testing below support at 97.86 (61.8% Fib) to challenge 97.44 (76.4% Fib)
- Close below 97.44 exposes 96.77 (100% Fib expansion)
- Back above 97.86 eyes trend line support-turned-resistance at 98.30
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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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