Forex: EUR/JPY Technical Analysis – 131.00 Figure in Focus
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- Sharp recovery launched at the bottom of a bullish Triangle chart pattern
- Daily close above 131.00 (38.2% Fib expansion) exposes 131.52 (50% Fib)
- Reversal back below 131.00 sees support at the Triangle bottom, now at 129.64
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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