Forex: EUR/JPY Technical Analysis – Inching Toward 140.00 Figure

DailyFX

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices broke above resistance at 138.82 (100% Fib expansion)
  • Resistance is now at 139.94 (123.6% Fib); above that aims for 140.63 (138.2% Fib)
  • A turn back below 138.82 aims for 137.71 (76.4% Fib exp.)

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Inching Toward 140.00 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

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.

Rates

View Comments