EUR/JPY Technical Analysis- Prices declined as expected to test falling trend line resistance-turned-support set from early April, now at 129.52. A break below that exposes the 38.2% Fibonacci retracementat 128.19. Near-term resistance is at 133.81, the May 22 high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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