Forex Analysis: EURJPY Classic Technical Report 10.31.2012


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.

View photo

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

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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.

View Comments (0)