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Forex: USD/JPY Technical Analysis – On Pace to Expose May Top

Forex: USD/JPY Technical Analysis – On Pace to Expose May Top

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing above resistance at 101.52, the July 8 swing high
  • A close above resistance exposes the May 22 top at 103.73
  • Below support at 100.60 (Sep 11 high) targets 98.75

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

dailyclassics_usd-jpy_body_Picture_11.png, Forex: USD/JPY Technical Analysis – On Pace to Expose May Top

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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