Forex: USD/JPY Lost 2.65 Percent Yesterday

on Jun 12, 2013

Yesterday the daily candle opened at 98.89, reached a high of 98.97, dropped to a low of 95.59 and closed at 96.24, losing 2.65 percent.

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Since the Tokyo opening today the USD/JPY has been rising and is currently trading at 96.65. If the ascent goes further, the price should visit 97.45 (23.6 percent Fibo) first and 98.96 next. However, the outlook is more bearish right now, and the pair may fall again towards the 94.97 low.
Resistances: 96.95, 97.30, 98.50 and 98.96.
Supports: 96.25, 95.60 and 95.00.


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JPY Forex