Forex: USD/JPY Technical Analysis – Capped Below 99.00 Figure
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices rose as expected after showing a Hammer candle at trend line support
- Resistance is at 98.75 (range top); a break higher targets 99.64 (trend line)
- Trend line support is now at 97.28, followed by swing lows at 96.93 and 96.55
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.