USD/JPY traded to its lowest level in almost 2-months late last week before finding support around the 1x2 Gann angle line of the 1Q13 low in the 96.30 area Subsequent strength back through 96.60 alleviates some of the downside pressure, but a close over a key Fibonacci confluence near 97.50 is needed to turn the near-term trend positive The 78.6% retracement near 95.50 remains key support and weakness below this level is needed to signal a resumption of the near-term downtrend Monday is a minor cyclical turn window A close above the Fibonacci convergence near 97.50 is required to turn us positive on the exchange ... (full story)