Forex: EUR/JPY Technical Analysis – October Top Under Fire
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Talking Points
Prices are testing resistance in the 135.31-58 area (double top, 100% Fib expansion)
A break higher on a daily closing basis exposes targets 136.61 (123.6 % Fib exp.)
Initial support is at 134.55 (76.4% Fib); below that aims for 133.91 (61.8% Fib)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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