EUR/JPY Technical Analysis- Prices are retesting trend line support-turned-resistance set from early April, with a break higher targeting the 61.8% Fibonacci retracementat 130.88. Near-term support is at 128.19. A reversal below that aims for 126.45.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE