USDJPY Classic Technical Report 08.03.2012

RELATED QUOTES

SymbolPriceChange
USDJPY=X123.9650+0.045

Prices continue to consolidate in a well-defined range between support at 77.96 and resistance in the 78.43-60 area. A break higher exposes falling channel resistance set from the June 24 high, now at 78.71. Alternatively, a breach downward initially targets 77.65.

USDJPY_Classic_Technical_Report_08.03.2012_body_Picture_5.png, USDJPY Classic Technical Report 08.03.2012

8hr Chart - Created Using FXCM Marketscope 2.0

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7309+0.0003+0.04%
    AUDUSD=X
    0.4674-0.0003-0.07%
    AUDGBP=X
    0.6657+0.001+0.15%
    AUDEUR=X