EUR/JPY Technical Analysis 05.14.2013

DailyFX

EUR/JPY Technical Analysis- Prices are testing resistance at 132.35, the 61.8% Fibonacci expansion. A break above that targets the 76.4% level at 134.10. Near-term support is at 130.94, the 50% Fib, with a reversal back beneath that eyeing the 38.2% mark at 129.53.

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Forex_EURJPY_Technical_Analysis_05.14.2013_body_Picture_5.png, EUR/JPY Technical Analysis 05.14.2013

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

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