Forex: EUR/JPY Technical Analysis – 131.00 Figure in Focus

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Talking Points

  • Sharp recovery launched at the bottom of a bullish Triangle chart pattern
  • Daily close above 131.00 (38.2% Fib expansion) exposes 131.52 (50% Fib)
  • Reversal back below 131.00 sees support at the Triangle bottom, now at 129.64

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dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – 131.00 Figure in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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