EUR/JPY Technical Analysis- Prices are testing support at 127.70, marked by the February 6 high and the bottom of a Triangle chart pattern carved out since mid-April. A reversal higher sees Triangle resistance at 130.14, with a break above targeting the April 11 high at 131.11. Alternatively, a break below support aims for the March 8 top at 126.03
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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