Filed Under:
Forex pairs in this Article » USD/JPY, USD/JPY
Prices broke resistance is at 82.61, the 100%Fibonacci expansion, to challenge the 123.6% level at 84.33. A further push higher above this boundary targets the 138.2% level at 83.97. The 82.61 has been recast as support. A drop below that eyes the 76.4% expansionat 81.78.

Forex_Analysis_USDJPY_Classic_Technical_Report_12.13.2012_body_Picture_1.png, Forex Analysis: USD/JPY Classic Technical Report 12.13.2012 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