Filed Under:
Forex pairs in this Article » USD/JPY, USD/JPY
Prices are consolidating above support at 81.78, the 76.4% Fibonacci expansion. Resistance is at 82.61, the 100% Fib level, with a break above that targeting the 123.6% expansion at 84.33. Alternatively, a drop below support eyes the 61.8% mark at 81.26.

Forex_Analysis_USDJPY_Classic_Technical_Report_12.06.2012_body_Picture_1.png, Forex Analysis: USD/JPY Classic Technical Report 12.06.2012 Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

comments powered by Disqus