Forex Analysis: EURJPY Classic Technical Report 11.07.2012
Prices are bouncing from support at a rising trend line set from late July (102.81). Resistance lines up at 104.61. Support is reinforced by the 23.6% Fibonacci retracement at 102.11. A break below that exposes the 38.2% level at 100.58.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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