EURJPY Classic Technical Report 09.25.2012


Prices are testing support at a rising trend line set from late July, a barrier reinforced by the 38.2% Fibonacci retracement at 100.13 and the psychologically significant 100.00 figure. A break below the latter level initially exposes the 50% Fib at 98.98. Near-term resistance lines up at 101.55, the 23.6% level, with a push above that target targeting the September 17 high at 103.85.

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EURJPY_Classic_Technical_Report_09.25.2012_body_Picture_5.png, EURJPY Classic Technical Report 09.25.2012

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--- Written by Ilya Spivak, Currency Strategist for

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