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Forex pairs in this Article » USD/JPY
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Talking Points

  • Prices are bounding from support at 104.13 (14.6% Fib ret., channel bottom)
  • Near-term resistance is at 105.43 (Jan 2 high), followed by 105.98 (channel top)
  • A reversal below support exposes 103.32 (23.6% Fib ret.)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-jpy_body_Picture_11.png, Forex: USD/JPY Technical Analysis – Channel Support Holds UpDaily Chart - Created Using FXCM Marketscope 2.0

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