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Forex: EUR/JPY Technical Analysis – Resistance Now at 133.48

Forex: EUR/JPY Technical Analysis – Resistance Now at 133.48

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices recovering from rising channel bottom support to challenge 133.48 (14.6% Fib)
  • A break higher initially targets 134.94 (Sep 19 high)
  • Reversing below the channel bottom initially exposes 132.58 (23.6% Fib)

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

dailyclassics_eur-jpy_1_body_Picture_11.png, Forex: EUR/JPY Technical Analysis – Resistance Now at 133.48

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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