EUR/JPY Technical Analysis 05.28.2013
EUR/JPY Technical Analysis- Prices declined as expected to find support at 130.34, the 23.6% Fibonacci retracement. The pair is now mounting a shallow recovery to retest the 14.6% level at 131.65, with a reversal back above that eyeing the May 22 swing high at 133.79. Alternatively, a renewed push lower that clears support aims for the 38.2% Fib at 128.19.
Daily Chart - Created Using FXCM Marketscope 2.0
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