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Forex: USD/JPY Technical Analysis – Struggling at 99.00 Mark

Forex: USD/JPY Technical Analysis – Struggling at 99.00 Mark

2013-10-10 11:52:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are pulling back from resistance at 99.06 (61.8% Fib, trend line)
  • Close below support at 98.58 (50% Fib) initially targets 98.10 (38.2% Fib)
  • Reversal above resistance aims for 76.4% Fib at 99.65

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-jpy_body_usdjpy.png, Forex: USD/JPY Technical Analysis – Struggling at 99.00 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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