Forex: EUR/JPY Technical Analysis – Euro Clears May Top
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke above resistance in the 133.81-91 area (May 22 high, 76.4% Fib, channel top)
- The bulls now aim to challenge 135.75 (100% Fib expansion)
- A reversal back below 1.3381 aims for 132.77 (61.8% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.