Forex: USD/JPY Technical Analysis – Testing Support Sub-104.00
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- Prices broke past channel support to test 103.32 (23.6% Fib retracement)
- A break lower on a daily closing basis targets 102.02 (38.2% Fib ret.)
- Reversing above 104.11 (14.6% Fib ret.) aims for 104.46 (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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