Forex: USD/JPY Technical Analysis – December Swing High Retested
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- Prices turned lower as expected after showing a Dark Cloud Cover candle pattern
- Breaking above 103.23-37 (23.6% Fib exp, Dec 3 high) overturns the topping setup
- Support is at 101.76 (23.6% Fib ret.); below that targets 100.77 (38.2% Fib ret.)
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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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