EUR/JPY Technical Analysis 04.12.2013

DailyFX

EUR/JPY Technical Analysis- Prices are testing below resistance-turned-support at 130.11, the 150% Fibonacci expansion. A break lower that eyes the 138.2% Fibat 129.25.Near-term resistance is at 130.97, the 161.8% level, with a reversal above that targeting the 176.4% expansion at 132.04.

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Forex_EURJPY_Technical_Analysis_04.12.2013_body_Picture_5.png, EUR/JPY Technical Analysis 04.12.2013

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

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