EUR/JPY Technical Analysis 06.06.2013
EUR/JPY Technical Analysis- Prices declined as expected to test falling trend line resistance-turned-support set from early April, now at 129.49. A break below that exposes the 38.2% Fibonacci retracementat 128.19. Near-term resistance is at 133.81, the May 22 high.
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.