EUR/JPY Technical Analysis: Testing Above 127.00 Anew
EUR/JPY Technical Analysis- Prices are bouncing from support at 125.13, the 50% Fibonacci retracement, to test above the 38.2% level at 127.18. A confirmed break higher aims for a falling trend line at 130.41. Alternatively, a move below 125.13 eyes the 61.8% Fib at 123.08.
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