EURJPY Classic Technical Report 07.10.2012
Prices are testing below minor support at 97.63, with a break lower exposing the 38.2% Fibonacci expansion at 96.86. A push through the latter boundary targets the 50% level at 95.40. Near-term resistance lines up at 98.67, the 23.6% Fib.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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