EUR/JPY Technical Analysis- Prices are testing resistance at 127.20, the 50% Fibonacci expansion. A break higher exposes the 61.8% level at 129.56. Near-term support is at 124.79, the 38.2% Fib, with a turn below that eyeing the 23.6% expansion at 121.84.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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