Forex Analysis: EURJPY Classic Technical Report 11.08.2012
Prices are testing belowthe 23.6% Fibonacci retracement at 102.11 after breaking past a rising trend line set from late July. A close below this barrier exposes the 38.2% level at 100.58. Trend line support-turned-resistance is now at 102.96.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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