USD/JPY Early Surge

The pair surged early gaining over a 100 pips. Expect resistance at 96.60-96.80. A move above this area would target 97.15 and beyond 97.65.

If prices retreat, a support area should be found between 95.80-95.60. Beyond, 95.20 and 94.90, although these level are unlikely.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com