Forex: USD/JPY Technical Analysis – Downward Drift Continues
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- Prices are targeting support at 96.39 (rising trend line from late February)
- A break below that broadly aims for 93.78 (June 19 low)
- Near-term resistance is in the 98.18-51 area (falling channel top, trend line from June)
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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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