Forex: USD/JPY Technical Analysis – Quiet Consolidation Continues
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- Prices rose as expected after showing a Hammer candle at trend line support
- Resistance is at 98.75 (range top); a break higher targets 99.69 (trend line)
- Trend line support is now at 97.31, followed by swing lows at 96.93 and 96.55
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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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