EUR/JPY Technical Analysis- Prices broke above resistance at 125.67, 76.4% Fibonacci expansion, exposing the 100% level at 127.08. A further push higher aims for the 123.6% level Fib at 128.43. The 125.67 mark has been recast as near-term support, with a reversal back below that targeting the 61.8% expansion at 124.83.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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