Forex: EUR/JPY Technical Analysis – Resistance Met Above 145.00

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Talking Points

  • Prices broke resistance at 143.72 (23.6% Fib exp.), exposing 145.41 (38.2% Fib)
  • A further break above that aims for 146.78 (50% Fibonacci expansion)
  • Support is at 143.72 (23.6% Fib); below that eyes 142.67 (14.6% Fib exp.)

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dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Resistance Met Above 145.00

Daily Chart - Created Using FXCM Marketscope 2.0

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

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