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Forex: EUR/JPY Technical Analysis – Euro Reclaims 131.00 Mark

Forex: EUR/JPY Technical Analysis – Euro Reclaims 131.00 Mark

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices launched a recovery at the bottom of a bullish Triangle chart pattern
  • Daily close above 131.00 (38.2% Fib expansion) has exposed 131.52 (50% Fib)
  • A reversal back below 131.00 sees support at the Triangle bottom, now at 129.73

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Reclaims 131.00 Mark

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

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