Forex: USD/JPY Technical Analysis – Momentum Fades Above 1.05
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- Prices are testing resistance at 105.33 (123.6% Fib expansion)
- A break higher initially targets 105.67 (138.2% Fib exp.)
- Below support at 104.79 (100% Fib exp.) eyes 104.25 (76.4% 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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