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Forex Analysis: EURJPY Classic Technical Report 11.06.2012

Forex Analysis: EURJPY Classic Technical Report 11.06.2012

2012-11-06 11:27:00
Ilya Spivak, Head Strategist, APAC
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Prices are testing through support at a rising trend line set from late July (102.73) to challenge the 23.6% Fibonacci retracement at 102.11. A break below that exposes the 38.2% level at 100.58. Near-term resistance lines up at 104.61.

Forex_Analysis_EURJPY_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: EURJPY Classic Technical Report 11.06.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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