Forex: USD/JPY Technical Analysis – Bulls Set Sights on 99.00
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- Prices rose as expected after showing a Hammer candle at trend line support
- Resistance is at 99.06 (61.8% Fib); a break higher targets 99.52 (trend line)
- A turn back below support at 98.58 (50% Fib) exposes 98.01 (38.2% Fib)
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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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