Forex: USD/JPY Technical Analysis – Readying to Reverse Lower?
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- Prices are testing 103.37 (Dec 3 high); negative RSI diverge warns of reversal
- Support is at 102.18 (23.6% Fib ret.); below that exposes 101.10 (38.2% Fib ret.)
- Breaking higher targets 103.91 (Dec 13 high)
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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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