Forex Analysis: EURJPY Classic Technical Report 10.31.2012

DailyFX

Prices found support at a rising trend line set from late July and bounced to retest the 103.22 level. A break above that targets 104.61. Trend line support is now at 102.26. A push below that exposes the 38.2% Fibonacci retracement at 100.58.

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Forex_Analysis_EURJPY_Classic_Technical_Report_10.31.2012_body_Picture_5.png, Forex Analysis: EURJPY Classic Technical Report 10.31.2012

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

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