EUR/JPY Classic Technical Report 07.09.2012
Prices are testing minor support at 97.69. A bounce from here sees resistance at 98.67, the 23.6% Fibonacci expansion. Alternatively, renewed downward pressure aims to challenge the 38.2% Fib at 96.86. A break below that exposing the 50% level at 95.40.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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