Forex: EUR/JPY Technical Analysis – Channel Support in Focus

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Talking Points

  • Prices are testing falling channel support set from early January (139.47)
  • A break lower initially exposes 137.76 (38.2% Fib ret.)
  • Back above 140.78 (23.6% Fib ret.) eyes 141.41 (channel top)

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dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Channel Support in Focus

Daily Chart - Created Using FXCM Marketscope 2.0

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

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