EURJPY Classic Technical Report 07.17.2012
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.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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