Forex: USD/JPY Technical Analysis – Rally Struggles Below 105.00
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- Prices are testing resistance in the 104.23 (23.6% Fib exp.)
- A break higher targets 104.63 (channel top), 105.30 (38.2% Fib exp.)
- Back below support at 103.73 (May 22 high) eyes 103.00, 102.82 (channel bottom)
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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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