Forex Analysis: EUR/JPY Classic Technical Report 11.15.2012


Prices broke back above the 23.6% Fibonacci retracement at 102.11 to challenge the underside of a rising trend line set from late July, now at 103.54. A confirmed break above this barrier exposes 104.61. The 102.11 level has been recast as support, with a drop back below that targeting the 38.2% level at 100.58.

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Forex_Analysis_EURJPY_Classic_Technical_Report_11.15.2012_body_Picture_5.png, Forex Analysis: EUR/JPY Classic Technical Report 11.15.2012

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