USDJPY surprised with a retest of 94.35/45 highs as we ran over to 94.77. Less surprising was that we failed to hold this level & should now test support at 93.18. Below here we should see last week’s low at 92.77 & a break lower is very possible this week for 92.21. This is excellent support & should hold on the first test so we expect for a bounce from here at this stage. However a break below 91.90 leads us towards 91.41.Resistance at 93.80 but above 94.20 we could retest 94.70/77 highs.
Long term levels94.46 2013 High94.22 Last Week’s high93.99 Monthly 38.2% Fibonacci92.77 Last Week’s Low90.37 Weekly 23.6% Fibonacci86.86 Monthly 23.6% Fibonacci
The article was first published by DayTradeIdeas.com
![Fort Worth Texas Tornadoes Claim 6 Lives: Pictures And Videos During The Storm And Its Aftermath [PHOTOS/VIDEO]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/16/tornado.PNG "Fort Worth Texas Tornadoes Claim 6 Lives: Pictures And Videos During The Storm And Its Aftermath [PHOTOS/VIDEO]")
![Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/skywhale.jpeg "Introducing Skywhale: Canberra, Australia’s Controversial $300K Centenary Balloon [PHOTOS]")
![Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/14/ahmed-angel.jpg "Meet Ahmed Angel: The Greatest Internet Superstar. Ever. [PHOTOS]")
![Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_multimedia/public/2013/05/13/a350.jpg "Airbus Shows Off The First A350 XWB, The Boeing 787's Rival [PHOTOS]")
![Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/10/lisalla-montenegro_3.jpg "Lisalla Montenegro: Meet Angels Pitcher C.J. Wilson’s New Supermodel Fiancé [PHOTOS]")
![Surviving Sandy: The Rockaways Rise From The Ashes Six Months Later [PHOTOS]](http://s1.ibtimes.com/sites/www.ibtimes.com/files/styles/v2_medium/public/2013/05/09/breezy-point_4.JPG "Surviving Sandy: The Rockaways Rise From The Ashes Six Months Later [PHOTOS]")
Like or Follow us for updates on the biggest stories!