Forex: USD/JPY Technical Analysis – Support Above 102.00 Held
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- Prices are testing support at 102.02-24 (falling channel, 38.2% Fib ret.)
- Breaking lower exposes 100.98 (50% Fib retracement)
- Above 103.32 (23.6% Fib ret.) targets 104.40 (falling channel top)
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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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