USDJPY Classic Technical Report 08.01.2012
Forex pairs in this Article »
USD/JPY
Prices are consolidating above support at 77.96. A break below this barrier initially exposes 77.65. Near-term resistance lines up at 78.41, the 23.6% Fibonacci retracement, with a break above that targeting the 78.65-70 area.
8hr 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, send a note with subject line "Distribution List" to ispivak@dailyfx.com
8hr 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, send a note with subject line "Distribution List" to ispivak@dailyfx.com
Free Annual Reports
