News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EUR/JPY Technical Analysis: Bears Fail to Break 128.00

EUR/JPY Technical Analysis: Bears Fail to Break 128.00

Ilya Spivak, Head Strategist, APAC

EUR/JPY Technical Analysis- Prices are retesting trend line support-turned-resistance set from early April, with a break higher targeting the 61.8% Fibonacci retracementat 130.88. Near-term support is at 128.19. A reversal below that aims for 126.45.

dailyclassics_eur-jpy_body_Picture_11.png, EUR/JPY Technical Analysis: Bears Fail to Break 128.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES