USDJPY Testing the .618 Fib
03
Oct
2012
2012
The USDJPY continued its crawl higher today and is now challenging the top of its fib range at the .618 fib at 78.51. A break of this level opens the pair up to a test of the descending trend line currently at 78.85. This level will be key for a break or hold of the current trend. A break exposes 79.65. A hold push's the pair back into the fibs.
Sup .7750
Res .7885
Keane Plan...On the sideline waiting for a test of either 78.85 or 77.50.
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