EUR/JPY Technical Analysis: Resistance Sub-131.00 Pressured
EUR/JPY Technical Analysis- Prices are testing above resistance at 130.72, the 38.2% Fibonacci expansion, with a break higher targeting the 50% level at 132.50. Trend line support is now at 129.29, followed by the 23.6% Fib at 128.51.
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