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EUR/JPY Technical Analysis 04.10.2013

Ilya Spivak

EUR/JPY Technical Analysis- Prices are testing resistance at 130.11, the 150% Fibonacci expansion. A break above that eyes the 161.8% level at 130.97. Near-term support is at 129.25, the 138.2% Fib, with a move back beneath that targeting the 123.6% expansion at 128.18.

Forex_EURJPY_Technical_Analysis_04.10.2013_body_Picture_5.png, EUR/JPY Technical Analysis 04.10.2013

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

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