So far, this fib level on the daily chart has contained $usdjpy's monstrous ascent into the heavens from its 76.03 low back on Feb. 2, 2012. Keep an eye on the US $ index for clues of possible $ weakness. If resistance continues to hold here around 79.64, next target with a short pause should be expected at 79.40. Should this support break, expect a move to just below 79.00.
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