Forex: USD/JPY Technical Analysis – Yen Soars to 4-Week High
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- Prices broke support at 103.32 (23.6% Fib ret.), exposing 102.02 (38.2% Fib ret.)
- A further push beneath that targets 100.98 (50% Fib retracement)
- Back above 103.32 aims for 104.11 (14.6 % Fib ret.)
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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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