EUR/JPY May be in For Sharp Break

DailyFX

Recent action at trendlines and Fibonacci price relationships suggest that risk is lower in EURJPY. Resistance for those not yet invoved is 12475-12515. 12100 is a soft target area between the 1/29 low of 12125 and 1/18 high of 12060.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

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