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Forex Chart of the Day Chart of the Day for March 22nd – USD/JPY

By Ilya Spivak

USD/JPY Technical Analysis- Prices are testing support at 94.45, with a break lower exposing a rising trend line now at 93.29. Near-term resistance is at 96.30, the 38.2% Fibonacci expansion, with a break above that exposing the 38.2% level at 97.00.