EUR/JPY Technical Analysis 05.08.2013
EUR/JPY Technical Analysis- Prices are testing resistance at 129.88, the top of a Triangle chart pattern carved out since mid-April. A break above that initially targets the April 11 high at 131.11. Support is in the 127.70-128.13 area, marked by the February 6 high and the Trianglebottom. A push beneath that aims for the March 8 top at 126.03.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.