Forex: USD/JPY Technical Analysis – Yen Slumps to 6-Month Low
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- Prices broke above resistance at 101.72 (76.4% Fib exp.), exposing 102.38 (100% Fib)
- A further break higher aims for 103.05 (123.6% Fib expansion)
- Turning back below 101.72 targets 101.31 (61.8% Fib exp.)
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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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