EUR/JPY Technical Analysis- Prices are testing resistance at 130.11, the 150% Fibonacci expansion. A break above that eyes the 161.8% level at 130.97. Near-term support is at 129.25, the 138.2% Fib, with a move back beneath that targeting the 123.6% expansion at 128.18.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE