USD/JPY Technical Analysis- Prices edging higher from support in the 91.34-92.05 area, marked by a rising trend line and the 14.6% Fibonacci retracement. Near-term resistance is at 94.61, the February 25 high. Alternatively, a reversal downward through support initially exposes the 23.6% level at 90.48.

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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