Forex: USD/JPY Technical Analysis – Resistance Now Above 100.00
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke above resistance at 99.00 (Oct 17 high), exposing 100.03 (trend line from June)
- A push above resistance clears the way for a test of swing highs at 100.60 and 101.52
- Reversing back below 99.00 targets trend line support 97.81
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.