Forex: EUR/JPY Technical Analysis – Resistance Met Below 139.00

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Talking Points

  • Prices invalidated topping cues to break above resistance at 137.71 (76.4% Fib expansion)
  • Resistance is now at 138.82 (100% Fib); above that aims for 139.94 (123.6% Fib)
  • A turn back below 137.71 aims for 137.02 (61.8% Fib)

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dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Resistance Met Below 139.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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