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Forex Analysis: EUR/JPY Classic Technical Report 12.27.2012

Ilya Spivak

Prices are testing resistance at 113.50, the 23.6% Fibonacci expansion. A break higher targets the 38.2% level at 115.28. Near-term support is at 112.39, the 14.6% expansion, with a drop below that aiming for the December 21 low at 110.61.

Forex_Analysis_EURJPY_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: EUR/JPY Classic Technical Report 12.27.2012

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

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