EURJPY Classic Technical Report 10.11.2012
Prices broke below support at a rising trend line set from late July, with sellers now targeting the 100.00 figure and a horizontal barrier at 99.82. The trend line, now at 101.07, has been recast as initial resistance. A break above that targets 102.79, the October 5 swing high.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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