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  • Break of range support at 0.768 - 0.7640 has propelled $AUDUSD to its lowest levels since late 2020, with the RSI registering its first intraday oversold readings since October. Symmetrical Triangle measured move suggests price could be poised to challenge the 0.7500 mark https://t.co/xuuW7NFy48 https://t.co/KisfWhYKzM
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Forex: EUR/JPY Technical Analysis – Euro Probes Higher Anew

Forex: EUR/JPY Technical Analysis – Euro Probes Higher Anew

Ilya Spivak, Head Strategist, APAC

EUR/JPY Technical Analysis - Prices are testing above a falling trend line set from late July (now at 130.52) to challenge the 38.2% Fibonacci expansion at 130.93. A break above that exposes the 50% Fib at 131.85. Near-term support is at 129.80, the 23.6% retracement, with a reversal beneath that eyeing the August 12 low at 127.96.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Probes Higher Anew

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

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