BECKHAM
24-03-2013, 01:12 AM
By Ilya Spivak
USD/JPY Technical Analysis- Prices are testing support at 94.45, with a break lower exposing a rising trend line now at 93.29. Near-term resistance is at 96.30, the 38.2% Fibonacci expansion, with a break above that exposing the 38.2% level at 97.00.
http://www.egymiza.com/up/uploads/13640804581.png (http://fncdn.marcwaringventur.netdna-cdn.com/wp-content/uploads/2013/03/Forex_USDJPY_Technical_Analysis_03.22.2013_body_Pi cture_5.png)
USD/JPY Technical Analysis- Prices are testing support at 94.45, with a break lower exposing a rising trend line now at 93.29. Near-term resistance is at 96.30, the 38.2% Fibonacci expansion, with a break above that exposing the 38.2% level at 97.00.
http://www.egymiza.com/up/uploads/13640804581.png (http://fncdn.marcwaringventur.netdna-cdn.com/wp-content/uploads/2013/03/Forex_USDJPY_Technical_Analysis_03.22.2013_body_Pi cture_5.png)