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EUR/JPY May be in For Sharp Break

EUR/JPY May be in For Sharp Break

2013-02-14 16:54:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Recent action at trendlines and Fibonacci price relationships suggest that risk is lower in EURJPY. Resistance for those not yet invoved is 12475-12515. 12100 is a soft target area between the 1/29 low of 12125 and 1/18 high of 12060.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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