Forex: EUR/JPY Technical Analysis – Euro Falters at Resistance


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EUR/JPY Technical Analysis - Prices moved lower as expected after putting in a Shooting Star candlestick below resistance at a falling trend line set from late May. The pair is now testing through support at 130.90, the 23.6% Fibonacci retracement, to challenge an upward-sloping hurdle at 130.41. A break below that eyes the 38.2% Fib at 129.76. Trend line resistance is now at 132.21.

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dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Falters at Resistance

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--- Written by Ilya Spivak, Currency Strategist for

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