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Forex: EUR/JPY Technical Analysis – Channel Bottom in Focus

Ilya Spivak


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Talking Points


  • Prices are testing channel bottom support at 133.10
  • A break lower initially targets the 38.2% Fib retracement at 132.27
  • Resistance is at 133.29 (23.6% Fib), followed by 134.94 (Sep 19 high)


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


dailyclassics_eur-jpy_1_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Channel Bottom in Focus

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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