EUR/JPY Technical Analysis- Prices are testing resistance at 129.96, the top of a Triangle chart pattern carved out since mid-April. A break above that initially targets the April 11 high at 131.11. Support is in the 127.70-99 area, marked by the February 6 high and the Trianglebottom. A push beneath that aims for the March 8 top at 126.03.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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