EURJPY Classic Technical Report 10.12.2012
Prices are bouncing from rising trend line set from late July, with buyers aiming to challenge the October 5 swing high at 102.79. A break above that exposes the mid-September high at 103.85. Trend line support is now at 100.79. A push below that targets the 100.00 figure and 99.82.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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