USD/JPY Technical Analysis – Trying to Expose 102.00 Level
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing above resistance in the 101.52-72 area (July 9 high, 76.4% Fib exp.)
- A break higher initially clears the way for a test of 102.38 (100% Fib exp.)
- Support is at 101.31 (61.8% Fib exp.); below that eyes 100.97 (50% Fib exp.)
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.