Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


Forex Analysis: EUR/JPY Classic Technical Report 01.25.2013

By , Currency Strategist
25 January 2013 14:06 GMT

Prices broke above resistance at 121.47 marked by the 61.8 Fibonacci expansion and a rising channel top, exposing the 76.4% barrier at 122.50. A further push above that aims for the 100% Fib at 124.19. The 121.47 mark has been recast as support, with a reversal back below that looking to challenge the 50% expansion at 120.64.

Forex_Analysis_EURJPY_Classic_Technical_Report_01.25.2013_body_Picture_1.png, Forex Analysis: EUR/JPY Classic Technical Report 01.25.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

25 January 2013 14:06 GMT