EUR/JPY Technical Analysis 05.07.2013

DailyFX

EUR/JPY Technical Analysis- Prices are testing resistance at 129.96, the top of a Triangle chart pattern carved out since mid-April. A break above that initially targets the April 11 high at 131.11. Support is in the 127.70-99 area, marked by the February 6 high and the Trianglebottom. A push beneath that aims for the March 8 top at 126.03.

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Forex_EURJPY_Technical_Analysis_05.07.2013_body_Picture_5.png, EUR/JPY Technical Analysis 05.07.2013

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

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