Forex: USD/JPY Technical Analysis – Top Forming Above 103.00?
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- Prices are testing resistance in the 103.23-37 (23.6% Fib exp., Dec 3 high)
- Dark Cloud Cover candle pattern, negative RSI divergence warn of weakness
- 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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