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Forex: USD/JPY Technical Analysis – Critical Support at 102.00

Forex: USD/JPY Technical Analysis – Critical Support at 102.00

2013-12-04 13:30:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • A Dark Cloud Cover candle pattern hints a move lower is ahead
  • Breaking support at 102.01 (23.6% Fib) exposes 101.17 (38.2% Fib)
  • Resistance is 103.37, the December 3 swing high

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

dailyclassics_usd-jpy_body_Picture_10.png, Forex: USD/JPY Technical Analysis – Critical Support at 102.00

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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