EUR/JPY Technical Analysis: Move to Test 130.00 Next?


EUR/JPY Technical Analysis- Prices bounced from support above 124.72, the 61.8% Fibonacci retracement, to break back above the 50% level at 126.45. The bulls are now aims to challenge the 38.2% Fib at 128.19, with a further push beyond that eyeing falling trend line resistance at 130.25. The 126.45 mark has been recast as near term support.

View photo

dailyclassics_eur-jpy_body_Picture_12.png, EUR/JPY Technical Analysis: Move to Test 130.00 Next?

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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)