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Forex: EUR/JPY Technical Analysis – Euro Aims Above 135.00

Forex: EUR/JPY Technical Analysis – Euro Aims Above 135.00

2013-09-19 12:59:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices rose as expected to test above the 133.81-91 area (May 22 high, 76.4% Fib, channel top)
  • A daily close above resistance initially exposes 135.75 (100% Fib expansion)
  • Near-term support is at 132.77 (61.8% Fib)

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

dailyclassics_eur-jpy_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Euro Aims Above 135.00

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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