Forex: EUR/JPY Technical Analysis – Channel Top Caps Rally
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- Prices recoiled from channel resistance to test below support in the 132.62-77 area
- Sellers now challenge 131.85 (50% Fib). Break lower targets 130.93 (38.2% Fib)
- A move back above 132.77 (61.8% Fib) aims for the channel top, now at 133.47
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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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