EURJPY Classic Technical Report 10.22.2012
Prices are probing above resistance at 103.85, the September 17 high, with a break higher exposing a horizontal pivot at 105.54. Initial support lines up at 102.79. A reversal below that targets a rising trend line set from late July, now at 101.47.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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