EURJPY Classic Technical Report 10.19.2012
Prices put in a Doji candlestick below resistance at 103.85, the September 17 high, hinting at indecision and warning a pullback may be ahead. Initial support lines up at 102.79, with a break below that targeting a rising trend line at 101.33. Alternatively, a break above resistance aims to challenge 105.54.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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