EUR/JPY Technical Analysis: Prices Probe Below 130.00

DailyFX

EUR/JPY Technical Analysis - Prices broke support at 130.90, the 23.6% Fibonacci expansion, exposing the 38.2% level at 129.76. A further push beneath this eyes the 50% Fib at 128.84. The 130.90 mark has been recast as near-term resistance, with a reversal back above that aiming for the 14.6% Fibat 131.60.

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Prices Probe Below 130.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. 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.

Rates

View Comments