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Forex: EUR/JPY Technical Analysis – Bullish Triangle Completed

Forex: EUR/JPY Technical Analysis – Bullish Triangle Completed

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices broke the to of a Triangle chart pattern, hinting at uptrend continuation
  • Daily close above 132.77 (61.8% Fib expansion) has exposed 133.91 (76.4% Fib)
  • A turn back below 132.77 aims for the 131.85-96 area (Triangle top, 50% Fib)

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Bullish Triangle Completed

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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