Forex: EUR/JPY Technical Analysis – Candle Hints at Pullback
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Talking Points
A Shooting Star candle below resistance at 137.71 (76.4% Fib exp.) hints at losses ahead
Support is at 137.02 (61.8% Fib exp.); breaking below that targets 136.46 (50% Fib exp.)
Pushing above resistance sees the next upside barrier at 138.82 (100% Fib expansion)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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