Forex: EUR/JPY Technical Analysis – Trend Line in Focus

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Talking Points

  • Prices are testing falling trend line resistance-turned-support at 131.89
  • Break downward aims for rising channel support at 130.43
  • Near-term resistance is in the 133.58-81 (channel top, May 22 high)

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

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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