USD/JPY Technical Analysis- Prices are probing back above support-turned-resistance at 95.32, the 23.6% Fibonacci retracement, with breach higher on a daily closing basis exposing the March 12 high at 96.70. Near-term support is at 94.46, the 38.2% retracement. A break beneath that targets the 50% level at 93.77.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE