Forex: USD/JPY Technical Analysis – Resistance Just Below 104.00
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- Prices put in a bullish Morning Star candle pattern, hinting at gains ahead
- Above resistance at 103.85 (23.6% Fib exp.) exposes 104.20 (channel top)
- Near-term supports are at 102.08 (channel bottom), 101.76 (Jan 27 low)
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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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