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Forex: EUR/JPY Technical Analysis – 135.00 Figure Caps Gains

Ilya Spivak

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Talking Points

  • Prices are retesting support-turned-resistance in the 133.81-91 area (May 22 high, 76.4% Fib)
  • A close below 133.81 exposes the next layer of support at 132.77 (61.8% Fib)
  • Renewed upside momentum sees initial resistance at 135.75 (100% Fib expansion)

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – 135.00 Figure Caps Gains

Daily Chart - Created Using FXCM Marketscope 2.0

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

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