Forex: EUR/JPY Technical Analysis – Euro Attempts Recovery

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Talking Points

  • Prices are testing above resistance at 132.78 (38.2% Fib)
  • A break higher targets 133.60 (23.6% Fib retracement)
  • Near-term support is at 132.12 (50% Fib); below that targets 131.43 (trend line)

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dailyclassics_eur-jpy_Copy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Attempts Recovery

Daily Chart - Created Using FXCM Marketscope 2.0

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

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