Forex: EUR/JPY Technical Analysis – October Double Top in Sight

Ilya Spivak

Thu, Nov 14, 2013, 11:51 PM

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Talking Points

Prices are testing above resistance at 134.55 (76.4% Fib exp.)
A break higher on daily closing basis exposes 135.31-58 (double top, 100% Fib)
Support is at 133.91 (61.8% Fib); below that aims for 133.39 (50% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – October Double Top in Sight

Daily Chart - Created Using FXCM Marketscope 2.0

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

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