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Forex: USD/JPY Technical Analysis – Bulls Cautiously Clear 99.00

Forex: USD/JPY Technical Analysis – Bulls Cautiously Clear 99.00

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices narrowly broke above resistance at the 99.00 figure, the Oct 17 high
  • Bulls now aim to challenge the underside of a rising trend line set from June (99.92)
  • A turn back below 99.00 sees minor trend line support at 97.72

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

dailyclassics_usd-jpy_body_Picture_10.png, Forex: USD/JPY Technical Analysis – Bulls Cautiously Clear 99.00

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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