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