Forex: EUR/JPY Technical Analysis – Bounce Hinted at Neckline

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Talking Points

  • Prices put in a bullish Piercing Line candle pattern, hinting at a bounce ahead
  • Moving above 143.60 (14.6% Fib exp.) exposes 144.90 (23.6% Fib exp.)
  • Breaking below 141.66 (neckline) targets 140.15 (38.2% Fib ret.)

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dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Bounce Hinted at Neckline

Daily Chart - Created Using FXCM Marketscope 2.0

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

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