USDJPY Classic Technical Report 08.03.2012

RELATED QUOTES

SymbolPriceChange
USDJPY=X118.9150-0.025

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
    0.77840.000.00%
    AUDUSD=X
    0.52080.000.00%
    AUDGBP=X
    0.72030.000.00%
    AUDEUR=X