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EURJPY Classic Technical Report 10.10.2012

Ilya Spivak

Prices are testing below support at a rising trend line set from late July, with a break downward targeting the 100.00 figure and 99.82. Initial resistance lines up at 102.79, the October 5 swing high. A push above that targets the September 17 top at 103.85.

EURJPY_Classic_Technical_Report_10.10.2012_body_Picture_5.png, EURJPY Classic Technical Report 10.10.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

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