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EUR/JPY Technical Analysis 04.26.2013

Ilya Spivak

EUR/JPY Technical Analysis- Prices are testing support at 128.18, the 23.6% Fibonacci retracement. A break below this barrier aims for the 38.2% level at 123.37. Near-term trend line resistance is at 129.55, with a push above that initially eyeing the 50% Fib expansion at 131.15.

Forex_EURJPY_Technical_Analysis_04.26.2013_body_Picture_5.png, EUR/JPY Technical Analysis 04.26.2013

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

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