Forex: EUR/JPY Technical Analysis – Key Trend Line Tested

Ilya Spivak

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Talking Points

  • Prices are testing support at 131.45 (trend line from June low, 61.8% Fib)
  • A break below that initially targets 130.63 (76.4% Fib retracement)
  • Near-term resistance is at 132.11 (50% Fib), followed by 132.78 (38.2% Fib)

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Key Trend Line Tested
dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Key Trend Line Tested

Daily Chart - Created Using FXCM Marketscope 2.0

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

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