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EUR/JPY Technical Analysis 02.08.2013

Ilya Spivak

EUR/JPY Technical Analysis- Prices are testing support at 123.63, the 38.2% Fibonacci retracement, after reversing below rising trend line support. A push downward from here targets the 50% level at 122.37. Near-term resistance is at 125.18, the 23.6% Fib

Forex_EURJPY_Technical_Analysis_02.08.2013_body_Picture_1.png, EUR/JPY Technical Analysis 02.08.2013

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

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