Forex: USD/JPY Technical Analysis – Channel Support Under Fire
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices are testing support at 102.55 (falling channel support)
- Breaking lower exposes 102.02 (38.2% Fib retracement)
- Above 103.32 (23.6% Fib ret.) targets 104.50 (falling channel top)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE!
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.