EURJPY Classic Technical Report 08.21.2012
Prices are testing resistance at 98.32, the June 28 low. A break higher targets the top of a channel set from the July 24 low, now at the 99.00 figure. Near-term support is at 96.44-70 area, marked by the channel bottom and a falling trend line April 20 swing high. A push below that initially targets 95.71.
Daily Chart - Created Using FXCM Marketscope 2.0
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