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EURJPY Classic Technical Report 07.17.2012

EURJPY Classic Technical Report 07.17.2012

2012-07-17 04:16:00
Ilya Spivak, Head Strategist, APAC
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Prices are testing resistance at 97.12, a former support reinforced by the top of a falling channel carved out over the past week. A break higher initially exposes 97.64. Near-term support lines up in the 96.30-46 area.

EURJPY_Classic_Technical_Report_07.17.2012_body_Picture_5.png, EURJPY Classic Technical Report 07.17.2012

4hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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