EUR/JPY Technical Analysis 04.26.2013

DailyFX

EUR/JPY Technical Analysis- Prices are testing support at 128.18, the 23.6% Fibonacci retracement. A break below this barrier aims for the 38.2% level at 123.37. Near-term trend line resistance is at 129.55, with a push above that initially eyeing the 50% Fib expansion at 131.15.

View photo

.
Forex_EURJPY_Technical_Analysis_04.26.2013_body_Picture_5.png, EUR/JPY Technical Analysis 04.26.2013

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 ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)