Forex: USD/JPY Technical Analysis – Resistance Met at 105.00
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- Prices are testing resistance at 105.00 (100% Fib exp., channel top)
- A break higher initially targets 105.58 (123.6% Fib exp.)
- Below support at 104.42 (76.4% Fib exp.) eyes 104.06 (61.8% Fib exp.)
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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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