U.S. Markets closed

EUR/JPY Technical Analysis 05.10.2013

Ilya Spivak

EUR/JPY Technical Analysis- Prices are approaching resistance at 132.35, the 61.8% Fibonacci expansion. A break above that targets the 76.4% level at 134.10. Near-term support is at 130.94, the 50% Fib, with a reversal back beneath that eyeing the 38.2% mark at 129.53.

Forex_EURJPY_Technical_Analysis_05.10.2013_body_Picture_5.png, EUR/JPY Technical Analysis 05.10.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.