To receive Ilya's analysis directly via email, please SIGN UP HERE
EUR/JPY Technical Analysis
- Prices declined as expected after showing a Shooting Star candle below Triangle pattern resistance
- Break below initial support at 129.82 (23.6% Fib retracement) exposes 127.96 (August 12 low)
- Reversal above 130.97 (38.2% Fib) targets the 131.90-132.14 area (50% Fib, Triangle top)
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
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
DailyFX 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 FXCM.