EUR/JPY Technical Analysis- Prices are pushing higher to challenge falling trend line resistance set from late May, a barrier reinforced by the 38.2% Fibonacci expansion at 130.57. A break above that aims for the 50% level at 132.30. Near-term support is at 127.76, with a move beneath that eyeing the April 16 low at 124.95.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Finance Trading
- Basic Materials Industry
- Technical Analysis