Forex: EUR/JPY Technical Analysis – Channel Bottom at Risk
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Talking Points
Prices are testing channel bottom support at 133.13
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)
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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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