EUR/JPY Classical Technical Report 02.13
EUR/JPY:The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 102.25 confirming a fresh higher low by 99.25 and opening a fresh upside extension towards 105.00 over the coming sessions. Look for setbacks to now be very well supported by the 20-Day SMA.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email email@example.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to firstname.lastname@example.org
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.