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Forex: USD/JPY Technical Analysis – Choppy Consolidation Continues

Forex: USD/JPY Technical Analysis – Choppy Consolidation Continues

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • A break above 98.10 (38.2% Fib retracement) has exposed 98.58 (50% Fib)
  • Further above that aims for 99.06 (61.8% Fib)
  • Back below 98.10 aims for 97.51 (23.6% Fib)

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

dailyclassics_usd-jpy_body_Picture_6.png, Forex: USD/JPY Technical Analysis – Choppy Consolidation Continues

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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