$USDJPY finding some resistance Fibo resistance at the 90.90 level.

The 38.2% of the move down from the 2010 high at 93.75 comes in at 90.90 level. The price in the USDJPY has run into resistance at this level and looks poised to consolidate the gains. Key support remains at the 90.55 level where a triple top from the last week of trade is found. I would expect to see buyers against this level on dips as action pauses. The London /Europe close from 11:00 – noon has the potential to cause some volatility as positions squaring before the weekend is a possibility to shift supply and demand. Watch the key levels for clues.







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