Forex: EUR/JPY Technical Analysis – Euro Tries Building Higher


EUR/JPY Technical Analysis - Prices are pushing higher to test resistance at 130.93, a level marked by the 38.2% Fibonacci expansion and reinforced by a falling trend line set from late July. A break higher exposes the 50% Fib at 131.85. Near-term support is at 129.80, the 23.6% retracement, with a reversal beneath that eyeing the August 12 low at 127.96.

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

View photo

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Tries Building Higher

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)