Forex: USD/JPY Technical Analysis – Trying to Expose 101.00
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- Prices are testing resistance in the 100.38-60 area (Sep top, trend line from mid-June)
- A break higher targets 101.52 (July 8 swing high)
- Support is at 98.75; breaking below that eyes 97.96 (rising trend line from Oct 8 bottom)
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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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