EUR/JPY Technical Analysis 05.31.2013
EUR/JPY Technical Analysis- Prices declined as expected to find support at 130.34, the 23.6% Fibonacci retracement. The pair is reversing downward anew after mounting a shallow recovery to retest the 14.6% level at 131.65. A break below support aims for the 38.2% Fib at 128.19. Alternatively, a turn back above 131.65 aims for trend line support-turned-resistance at 132.39.
Daily Chart - Created Using FXCM Marketscope 2.0
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