Forex: EUR/JPY Technical Analysis – Triple Top Above 135.00?

DailyFX

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

Talking Points

  • A Spinning Top candle below the 135.31-58 area (double top, 100% Fib) warns of weakness
  • Initial support is at 134.55 (76.4% Fib); breaking below that aims for 133.91 (61.8% Fib)
  • A break above resistance on daily closing basis exposes targets 136.61 (123.6 % Fib)

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

View photo

.
dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Triple Top Above 135.00?

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 (0)